Edgemoor Investment Advisors, Inc. Activity Q4 2004-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$74,303,350	-7.9%	235,323	-0.6%	8.78%	-3.6%
AAPL	Sell	APPLE INC	$66,896,720	-12.8%	390,729	-1.3%	7.91%	-8.8%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$59,139,748	+2.2%	168,826	-0.5%	6.99%	+7.0%
LOW	Sell	LOWES COS INC	$43,412,257	-9.1%	208,873	-1.3%	5.13%	-4.8%
URI	Sell	UNITED RENTALS INC	$34,625,744	-1.1%	77,885	-0.9%	4.09%	+3.5%
GOOG	Sell	ALPHABET INCcap stk cl c	$33,457,921	+7.7%	253,757	-1.2%	3.95%	+12.7%
LEN	Sell	LENNAR CORPcl a	$23,814,500	-11.9%	212,193	-1.6%	2.82%	-7.8%
AMAT	Sell	APPLIED MATLS INC	$21,990,795	-6.9%	158,835	-2.8%	2.60%	-2.6%
AMZN	Buy	AMAZON COM INC	$21,789,893	-2.3%	171,412	+0.1%	2.58%	+2.2%
GOOGL	Sell	ALPHABET INCcap stk cl a	$20,202,690	+8.7%	154,384	-0.6%	2.39%	+13.7%
VRTX	Buy	VERTEX PHARMACEUTICALS INC	$19,417,106	-0.7%	55,838	+0.5%	2.30%	+3.9%
CVS	Sell	CVS HEALTH CORP	$17,878,622	-1.0%	256,067	-2.0%	2.11%	+3.6%
BX	Buy	BLACKSTONE INC	$16,783,481	+15.6%	156,650	+0.3%	1.98%	+21.0%
AVGO	Sell	BROADCOM INC	$15,572,019	-5.4%	18,748	-1.2%	1.84%	-1.0%
WSM	Sell	WILLIAMS SONOMA INC	$15,143,309	+22.1%	97,447	-1.7%	1.79%	+27.8%
NVS	Sell	NOVARTIS AGsponsored adr	$13,958,885	-0.4%	137,039	-1.3%	1.65%	+4.2%
ARCC	Buy	ARES CAPITAL CORP	$13,343,414	+4.4%	685,332	+0.7%	1.58%	+9.2%
V	Buy	VISA INC	$12,898,039	-1.0%	56,075	+2.2%	1.52%	+3.5%
BLK	Buy	BLACKROCK INC	$12,223,539	-5.7%	18,907	+0.8%	1.44%	-1.3%
GD	Sell	GENERAL DYNAMICS CORP	$12,161,311	+2.4%	55,036	-0.3%	1.44%	+7.2%
ICSH	Sell	ISHARES TRblackrock ultra	$10,915,753	-0.1%	216,668	-0.3%	1.29%	+4.5%
IJR	Buy	ISHARES TRcore s&p scp etf	$9,447,435	+6.3%	100,153	+12.3%	1.12%	+11.4%
JCI	Buy	JOHNSON CTLS INTL PLC	$9,148,778	-19.7%	171,937	+2.9%	1.08%	-15.9%
AEP	Buy	AMERICAN ELEC PWR CO INC	$9,013,431	-8.4%	119,827	+2.6%	1.06%	-4.1%
CCI	Buy	CROWN CASTLE INC	$8,678,441	-16.8%	94,300	+3.1%	1.03%	-12.8%
EPD	Buy	ENTERPRISE PRODS PARTNERS L	$8,410,427	+7.6%	307,286	+3.6%	0.99%	+12.6%
	Buy	SHELL PLCspon ads	$8,066,796	+8.7%	125,299	+1.9%	0.95%	+13.7%
SCHW	Buy	SCHWAB CHARLES CORP	$7,928,317	-0.2%	144,413	+3.1%	0.94%	+4.5%
FCT	Sell	FIRST TR SR FLTG RATE INCOME	$7,790,320	-0.7%	779,031	-1.7%	0.92%	+4.0%
DE	Buy	DEERE & CO	$7,755,661	-6.4%	20,551	+0.5%	0.92%	-1.9%
BXMT	Sell	BLACKSTONE MTG TR INC	$7,493,459	+2.9%	344,526	-1.6%	0.89%	+7.8%
O	Buy	REALTY INCOME CORP	$7,091,784	-13.0%	142,006	+4.2%	0.84%	-8.9%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$6,867,763	-14.1%	13,568	-11.5%	0.81%	-10.1%
VZ	Sell	VERIZON COMMUNICATIONS INC	$6,843,329	-21.1%	211,148	-9.4%	0.81%	-17.4%
NEE	Sell	NEXTERA ENERGY INC	$6,550,023	-25.3%	114,331	-3.2%	0.77%	-21.8%
SO	Sell	SOUTHERN CO	$6,016,743	-8.7%	92,965	-0.9%	0.71%	-4.4%
C	Buy	CITIGROUP INC	$5,927,474	-10.3%	144,115	+0.4%	0.70%	-6.0%
CNP	Sell	CENTERPOINT ENERGY INC	$5,702,380	-8.2%	212,379	-0.4%	0.67%	-4.0%
MRK	Sell	MERCK & CO INC	$5,636,204	-14.0%	54,747	-3.6%	0.67%	-10.0%
AESC	Sell	AES CORPunit 02/15/2024	$5,235,406	-26.6%	85,826	-1.8%	0.62%	-23.2%
IEMG	Buy	ISHARES INCcore msci emkt	$5,088,914	+0.1%	106,932	+3.7%	0.60%	+4.7%
SPG	Buy	SIMON PPTY GROUP INC NEW	$4,885,747	-2.8%	45,225	+3.9%	0.58%	+1.6%
D	Sell	DOMINION ENERGY INC	$4,862,986	-22.7%	108,864	-10.4%	0.58%	-19.1%
DLR	Buy	DIGITAL RLTY TR INC	$4,423,443	+7.3%	36,551	+1.0%	0.52%	+12.5%
BCE	Buy	BCE INC	$4,308,703	-12.5%	112,816	+4.5%	0.51%	-8.5%
WFCPRL	Buy	WELLS FARGO CO NEWperp pfd cnv a	$3,996,160	-0.8%	3,584	+2.5%	0.47%	+3.7%
CWENA	Sell	CLEARWAY ENERGY INCcl a	$3,951,574	-28.4%	198,372	-2.9%	0.47%	-25.0%
FISV	Buy	FISERV INC	$3,759,535	-4.0%	33,282	+7.2%	0.44%	+0.5%
DIS	Sell	DISNEY WALT CO	$3,729,552	-23.3%	46,015	-15.6%	0.44%	-19.7%
PSA	Buy	PUBLIC STORAGE	$3,649,744	+143.1%	13,849	+169.3%	0.43%	+153.5%
KMI	Sell	KINDER MORGAN INC DEL	$3,342,691	-5.2%	201,609	-1.5%	0.40%	-0.8%
T	Sell	AT&T INC	$3,294,194	-11.1%	219,320	-5.6%	0.39%	-6.9%
ATO	Sell	ATMOS ENERGY CORP	$3,231,712	-11.0%	30,508	-2.2%	0.38%	-6.8%
BTZ	Sell	BLACKROCK CR ALLOCATION INCO	$3,208,345	-10.8%	331,440	-6.4%	0.38%	-6.7%
OKE	Buy	ONEOK INC NEW	$3,166,362	+481.0%	49,919	+465.3%	0.37%	+503.2%
PBA	Sell	PEMBINA PIPELINE CORP	$3,159,456	-5.5%	105,105	-1.1%	0.37%	-1.1%
JEPI	Buy	J P MORGAN EXCHANGE TRADED Fequity premium	$3,072,612	+13.6%	57,367	+17.3%	0.36%	+18.6%
STWD	Sell	STARWOOD PPTY TR INC	$3,057,576	-1.3%	158,014	-1.0%	0.36%	+3.1%
BKNG	Buy	BOOKING HOLDINGS INC	$2,609,022	+29.0%	846	+13.0%	0.31%	+35.1%
XEL	Sell	XCEL ENERGY INC	$2,256,559	-9.0%	39,436	-1.1%	0.27%	-4.6%
CTVA	Buy	CORTEVA INC	$2,118,162	-8.2%	41,402	+2.8%	0.25%	-4.2%
BACPRL	Sell	BANK AMERICA CORP7.25%cnv pfd l	$2,087,526	-5.9%	1,876	-0.9%	0.25%	-1.6%
EQCPRD	Sell	EQUITY COMWLTH6.5% cnv pfd d	$2,082,084	-3.8%	83,250	-2.3%	0.25%	+0.8%
SHV	Buy	ISHARES TRshort treas bd	$2,025,909	+1.1%	18,339	+1.1%	0.24%	+5.8%
JNJ	Sell	JOHNSON & JOHNSON	$2,006,271	-5.9%	12,881	-0.0%	0.24%	-1.7%
WY	Sell	WEYERHAEUSER CO MTN BE	$1,974,997	-11.0%	64,416	-2.8%	0.23%	-7.2%
IVV	Buy	ISHARES TRcore s&p500 etf	$1,945,747	+265.0%	4,531	+278.8%	0.23%	+283.3%
DHR	Buy	DANAHER CORPORATION	$1,801,206	+5.6%	7,260	+2.1%	0.21%	+10.4%
MU	Sell	MICRON TECHNOLOGY INC	$1,780,549	+5.5%	26,173	-2.1%	0.21%	+9.9%
XOM	Sell	EXXON MOBIL CORP	$1,485,395	+8.2%	12,633	-1.3%	0.18%	+13.5%
GBDC	Sell	GOLUB CAP BDC INC	$1,385,684	-1.0%	94,457	-8.9%	0.16%	+3.8%
WELL	Sell	WELLTOWER INC	$1,351,721	+0.1%	16,500	-1.2%	0.16%	+4.6%
CEM	Buy	CLEARBRIDGE MLP AND MIDSTRM	$1,345,751	+21.0%	38,199	+19.1%	0.16%	+26.2%
BEP	Buy	BROOKFIELD RENEWABLE PARTNERpartnership unit	$1,305,965	-12.2%	60,072	+19.1%	0.15%	-8.3%
PEP	Buy	PEPSICO INC	$1,210,019	-5.9%	7,141	+2.9%	0.14%	-1.4%
IWF	Buy	ISHARES TRrus 1000 grw etf	$1,059,172	+9.4%	3,982	+13.2%	0.12%	+14.7%
KYN	Buy	KAYNE ANDERSON ENERGY INFRST	$982,725	+7.0%	116,852	+3.5%	0.12%	+11.5%
JPM	Buy	JPMORGAN CHASE & CO	$947,363	-0.3%	6,532	+0.0%	0.11%	+4.7%
CVX	Sell	CHEVRON CORP NEW	$912,740	+3.4%	5,413	-3.5%	0.11%	+8.0%
IJH	Buy	ISHARES TRcore s&p mcp etf	$876,465	+24.6%	3,515	+30.7%	0.10%	+31.6%
IPAC	Buy	ISHARES TRcore msci pac	$796,192	+30.5%	14,320	+34.8%	0.09%	+36.2%
IEFA	Buy	ISHARES TRcore msci eafe	$686,357	+122.2%	10,666	+133.1%	0.08%	+131.4%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$680,601	+13.3%	2,829	+3.5%	0.08%	+17.6%
NVDA	Buy	NVIDIA CORPORATION	$665,535	+13.6%	1,530	+10.5%	0.08%	+19.7%
IVE	New	ISHARES TRs&p 500 val etf	$530,748	–	3,450	–	0.06%	–
BOTZ	Buy	GLOBAL X FDSrbtcs artfl inte	$526,721	-13.9%	21,307	+0.1%	0.06%	-10.1%
AGG	Buy	ISHARES TRcore us aggbd et	$509,227	+29.5%	5,415	+34.9%	0.06%	+36.4%
IWD	Buy	ISHARES TRrus 1000 val etf	$441,189	+85.6%	2,906	+93.0%	0.05%	+92.6%
BEPC	Buy	BROOKFIELD RENEWABLE CORPcl a sub vtg	$444,183	-23.1%	18,554	+1.3%	0.05%	-20.0%
HD	Buy	HOME DEPOT INC	$443,571	+6.3%	1,468	+9.3%	0.05%	+10.6%
SYK	Buy	STRYKER CORPORATION	$354,978	+1.3%	1,299	+13.1%	0.04%	+5.0%
KO	Sell	COCA COLA CO	$334,536	-10.7%	5,976	-3.9%	0.04%	-4.8%
SUB	Sell	ISHARES TRshrt nat mun etf	$336,867	-16.7%	3,275	-15.7%	0.04%	-13.0%
ABBV	Buy	ABBVIE INC	$333,823	+10.7%	2,239	+0.1%	0.04%	+14.7%
MCD	Sell	MCDONALDS CORP	$328,936	-13.8%	1,248	-2.3%	0.04%	-9.3%
PPL	Sell	PPL CORP	$324,680	-11.9%	13,781	-1.0%	0.04%	-9.5%
UNH	Buy	UNITEDHEALTH GROUP INC	$320,161	+20.0%	635	+14.4%	0.04%	+26.7%
VO	New	VANGUARD INDEX FDSmid cap etf	$312,360	–	1,500	–	0.04%	–
USIG	New	ISHARES TRusd inv grde etf	$303,081	–	6,305	–	0.04%	–
COST	Sell	COSTCO WHSL CORP NEW	$292,649	-12.0%	518	-16.2%	0.04%	-7.9%
COP	Sell	CONOCOPHILLIPS	$297,703	+14.8%	2,485	-0.7%	0.04%	+20.7%
ACN	Buy	ACCENTURE PLC IRELAND	$285,612	+18.7%	930	+19.2%	0.03%	+25.9%
RTX	Sell	RTX CORPORATION	$268,880	-29.4%	3,736	-3.9%	0.03%	-25.6%
DOW	Sell	DOW INC	$263,111	-3.5%	5,103	-0.3%	0.03%	0.0%
ABT	Buy	ABBOTT LABS	$255,602	-11.1%	2,639	+0.0%	0.03%	-6.2%
DD	Sell	DUPONT DE NEMOURS INC	$226,604	+3.7%	3,038	-0.7%	0.03%	+8.0%
HON	Sell	HONEYWELL INTL INC	$229,065	-11.2%	1,239	-0.2%	0.03%	-6.9%
FB	Sell	META PLATFORMS INCcl a	$208,646	-21.0%	695	-24.5%	0.02%	-16.7%
INTC	New	INTEL CORP	$207,896	–	5,848	–	0.02%	–
PPG	Exit	PPG INDS INC	$0	–	-1,400	–	-0.02%	–
BAC	Exit	BANK AMERICA CORP	$0	–	-7,223	–	-0.02%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-1,294	–	-0.02%	–
HSY	Exit	HERSHEY CO	$0	–	-908	–	-0.03%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-63,082	–	-0.44%	–
MBUU	Exit	MALIBU BOATS INC	$0	–	-71,249	–	-0.47%	–

Q2 2023

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$80,660,160	–	236,859	–	9.11%	–
AAPL	New	APPLE INC	$76,758,295	–	395,722	–	8.67%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$57,864,290	–	169,690	–	6.53%	–
LOW	New	LOWES COS INC	$47,751,901	–	211,572	–	5.39%	–
URI	New	UNITED RENTALS INC	$35,007,582	–	78,603	–	3.95%	–
GOOG	New	ALPHABET INCcap stk cl c	$31,058,498	–	256,745	–	3.51%	–
LEN	New	LENNAR CORPcl a	$27,026,128	–	215,674	–	3.05%	–
AMAT	New	APPLIED MATLS INC	$23,630,976	–	163,490	–	2.67%	–
AMZN	New	AMAZON COM INC	$22,312,418	–	171,160	–	2.52%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$19,560,565	–	55,584	–	2.21%	–
GOOGL	New	ALPHABET INCcap stk cl a	$18,594,078	–	155,339	–	2.10%	–
CVS	New	CVS HEALTH CORP	$18,059,405	–	261,238	–	2.04%	–
AVGO	New	BROADCOM INC	$16,462,405	–	18,978	–	1.86%	–
BX	New	BLACKSTONE INC	$14,514,290	–	156,118	–	1.64%	–
NVS	New	NOVARTIS AGsponsored adr	$14,015,683	–	138,892	–	1.58%	–
V	New	VISA INC	$13,031,793	–	54,875	–	1.47%	–
BLK	New	BLACKROCK INC	$12,962,808	–	18,755	–	1.46%	–
ARCC	New	ARES CAPITAL CORP	$12,785,383	–	680,435	–	1.44%	–
WSM	New	WILLIAMS SONOMA INC	$12,404,880	–	99,128	–	1.40%	–
GD	New	GENERAL DYNAMICS CORP	$11,871,128	–	55,176	–	1.34%	–
JCI	New	JOHNSON CTLS INTL PLC	$11,390,089	–	167,157	–	1.29%	–
ICSH	New	ISHARES TRblackrock ultra	$10,929,573	–	217,288	–	1.23%	–
CCI	New	CROWN CASTLE INC	$10,424,738	–	91,493	–	1.18%	–
AEP	New	AMERICAN ELEC PWR CO INC	$9,835,482	–	116,810	–	1.11%	–
IJR	New	ISHARES TRcore s&p scp etf	$8,886,291	–	89,175	–	1.00%	–
NEE	New	NEXTERA ENERGY INC	$8,768,140	–	118,169	–	0.99%	–
VZ	New	VERIZON COMMUNICATIONS INC	$8,671,435	–	233,165	–	0.98%	–
DE	New	DEERE & CO	$8,283,838	–	20,444	–	0.94%	–
O	New	REALTY INCOME CORP	$8,151,617	–	136,337	–	0.92%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,994,807	–	15,323	–	0.90%	–
SCHW	New	SCHWAB CHARLES CORP	$7,940,899	–	140,100	–	0.90%	–
FCT	New	FIRST TR SR FLTG RATE INCOME	$7,845,116	–	792,435	–	0.89%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$7,815,524	–	296,604	–	0.88%	–
	New	SHELL PLCspon ads	$7,424,489	–	122,962	–	0.84%	–
BXMT	New	BLACKSTONE MTG TR INC	$7,282,935	–	349,972	–	0.82%	–
AESC	New	AES CORPunit 02/15/2024	$7,135,736	–	87,426	–	0.81%	–
C	New	CITIGROUP INC	$6,608,425	–	143,536	–	0.75%	–
SO	New	SOUTHERN CO	$6,591,490	–	93,829	–	0.74%	–
MRK	New	MERCK & CO INC	$6,550,921	–	56,772	–	0.74%	–
D	New	DOMINION ENERGY INC	$6,293,110	–	121,512	–	0.71%	–
CNP	New	CENTERPOINT ENERGY INC	$6,214,826	–	213,201	–	0.70%	–
CWENA	New	CLEARWAY ENERGY INCcl a	$5,517,914	–	204,367	–	0.62%	–
IEMG	New	ISHARES INCcore msci emkt	$5,084,959	–	103,161	–	0.57%	–
SPG	New	SIMON PPTY GROUP INC NEW	$5,026,363	–	43,525	–	0.57%	–
BCE	New	BCE INC	$4,922,515	–	107,973	–	0.56%	–
DIS	New	DISNEY WALT CO	$4,865,315	–	54,495	–	0.55%	–
MBUU	New	MALIBU BOATS INC	$4,179,466	–	71,249	–	0.47%	–
DLR	New	DIGITAL RLTY TR INC	$4,120,880	–	36,189	–	0.46%	–
WFCPRL	New	WELLS FARGO CO NEWperp pfd cnv a	$4,029,696	–	3,498	–	0.46%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$3,931,270	–	63,082	–	0.44%	–
FISV	New	FISERV INC	$3,915,191	–	31,036	–	0.44%	–
T	New	AT&T INC	$3,705,305	–	232,306	–	0.42%	–
ATO	New	ATMOS ENERGY CORP	$3,629,924	–	31,201	–	0.41%	–
BTZ	New	BLACKROCK CR ALLOCATION INCO	$3,594,869	–	354,174	–	0.41%	–
KMI	New	KINDER MORGAN INC DEL	$3,525,809	–	204,750	–	0.40%	–
EVRG	New	EVERGY INC	$3,518,812	–	60,233	–	0.40%	–
PBA	New	PEMBINA PIPELINE CORP	$3,342,638	–	106,318	–	0.38%	–
STWD	New	STARWOOD PPTY TR INC	$3,097,759	–	159,678	–	0.35%	–
JEPI	New	J P MORGAN EXCHANGE TRADED Fequity premium	$2,705,534	–	48,900	–	0.31%	–
XEL	New	XCEL ENERGY INC	$2,478,939	–	39,873	–	0.28%	–
RLJPRA	New	RLJ LODGING TRcum conv pfd a	$2,382,573	–	98,903	–	0.27%	–
CTVA	New	CORTEVA INC	$2,307,969	–	40,278	–	0.26%	–
WY	New	WEYERHAEUSER CO MTN BE	$2,220,020	–	66,249	–	0.25%	–
BACPRL	New	BANK AMERICA CORP7.25%cnv pfd l	$2,218,796	–	1,893	–	0.25%	–
EQCPRD	New	EQUITY COMWLTH6.5% cnv pfd d	$2,163,574	–	85,180	–	0.24%	–
JNJ	New	JOHNSON & JOHNSON	$2,132,453	–	12,883	–	0.24%	–
BKNG	New	BOOKING HOLDINGS INC	$2,022,547	–	749	–	0.23%	–
SHV	New	ISHARES TRshort treas bd	$2,003,453	–	18,139	–	0.23%	–
ATVI	New	ACTIVISION BLIZZARD INC	$1,880,480	–	22,307	–	0.21%	–
DHR	New	DANAHER CORPORATION	$1,706,400	–	7,110	–	0.19%	–
MU	New	MICRON TECHNOLOGY INC	$1,688,066	–	26,748	–	0.19%	–
CI	New	THE CIGNA GROUP	$1,595,772	–	5,687	–	0.18%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$1,553,430	–	3	–	0.18%	–
PSA	New	PUBLIC STORAGE	$1,501,139	–	5,143	–	0.17%	–
BEP	New	BROOKFIELD RENEWABLE PARTNERpartnership unit	$1,487,535	–	50,442	–	0.17%	–
GBDC	New	GOLUB CAP BDC INC	$1,399,194	–	103,644	–	0.16%	–
XOM	New	EXXON MOBIL CORP	$1,372,726	–	12,799	–	0.16%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,352,223	–	21,145	–	0.15%	–
WELL	New	WELLTOWER INC	$1,350,823	–	16,699	–	0.15%	–
ES	New	EVERSOURCE ENERGY	$1,338,189	–	18,869	–	0.15%	–
PEP	New	PEPSICO INC	$1,285,664	–	6,941	–	0.14%	–
MMC	New	MARSH & MCLENNAN COS INC	$1,222,332	–	6,499	–	0.14%	–
CEM	New	CLEARBRIDGE MLP AND MIDSTRM	$1,111,763	–	32,067	–	0.13%	–
ORCL	New	ORACLE CORP	$1,058,115	–	8,885	–	0.12%	–
IWF	New	ISHARES TRrus 1000 grw etf	$967,808	–	3,517	–	0.11%	–
JPM	New	JPMORGAN CHASE & CO	$949,984	–	6,531	–	0.11%	–
KYN	New	KAYNE ANDERSON ENERGY INFRST	$918,615	–	112,852	–	0.10%	–
LMT	New	LOCKHEED MARTIN CORP	$892,216	–	1,938	–	0.10%	–
ED	New	CONSOLIDATED EDISON INC	$884,560	–	9,784	–	0.10%	–
CVX	New	CHEVRON CORP NEW	$882,891	–	5,611	–	0.10%	–
BK	New	BANK NEW YORK MELLON CORP	$833,325	–	18,718	–	0.09%	–
VOO	New	VANGUARD INDEX FDS	$826,481	–	2,029	–	0.09%	–
PFE	New	PFIZER INC	$795,259	–	21,681	–	0.09%	–
CSX	New	CSX CORP	$779,833	–	22,869	–	0.09%	–
NSC	New	NORFOLK SOUTHN CORP	$775,292	–	3,419	–	0.09%	–
VTR	New	VENTAS INC	$768,043	–	16,248	–	0.09%	–
IJH	New	ISHARES TRcore s&p mcp etf	$703,381	–	2,690	–	0.08%	–
PG	New	PROCTER AND GAMBLE CO	$641,102	–	4,225	–	0.07%	–
WMT	New	WALMART INC	$620,260	–	3,946	–	0.07%	–
LLY	New	LILLY ELI & CO	$622,919	–	1,328	–	0.07%	–
BOTZ	New	GLOBAL X FDSrbtcs artfl inte	$611,881	–	21,290	–	0.07%	–
IPAC	New	ISHARES TRcore msci pac	$609,907	–	10,620	–	0.07%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$600,906	–	2,734	–	0.07%	–
NVDA	New	NVIDIA CORPORATION	$585,883	–	1,385	–	0.07%	–
BEPC	New	BROOKFIELD RENEWABLE CORPcl a sub vtg	$577,572	–	18,324	–	0.06%	–
OKE	New	ONEOK INC NEW	$544,988	–	8,830	–	0.06%	–
JFR	New	NUVEEN FLOATING RATE INCOME	$550,874	–	69,819	–	0.06%	–
ORLY	New	OREILLY AUTOMOTIVE INC	$537,834	–	563	–	0.06%	–
CSCO	New	CISCO SYS INC	$531,163	–	10,266	–	0.06%	–
IVV	New	ISHARES TRcore s&p500 etf	$533,069	–	1,196	–	0.06%	–
AMGN	New	AMGEN INC	$509,536	–	2,295	–	0.06%	–
TXN	New	TEXAS INSTRS INC	$502,616	–	2,792	–	0.06%	–
IWR	New	ISHARES TRrus mid cap etf	$435,259	–	5,960	–	0.05%	–
HD	New	HOME DEPOT INC	$417,190	–	1,343	–	0.05%	–
SUB	New	ISHARES TRshrt nat mun etf	$404,195	–	3,885	–	0.05%	–
AGG	New	ISHARES TRcore us aggbd et	$393,269	–	4,015	–	0.04%	–
MCD	New	MCDONALDS CORP	$381,428	–	1,278	–	0.04%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$380,673	–	3,886	–	0.04%	–
KO	New	COCA COLA CO	$374,629	–	6,221	–	0.04%	–
PPL	New	PPL CORP	$368,350	–	13,921	–	0.04%	–
SYK	New	STRYKER CORPORATION	$350,548	–	1,149	–	0.04%	–
NKE	New	NIKE INCcl b	$332,324	–	3,011	–	0.04%	–
COST	New	COSTCO WHSL CORP NEW	$332,719	–	618	–	0.04%	–
IDXX	New	IDEXX LABS INC	$339,005	–	675	–	0.04%	–
EMR	New	EMERSON ELEC CO	$320,161	–	3,542	–	0.04%	–
IEFA	New	ISHARES TRcore msci eafe	$308,880	–	4,576	–	0.04%	–
NTCT	New	NETSCOUT SYS INC	$309,840	–	10,011	–	0.04%	–
ABBV	New	ABBVIE INC	$301,450	–	2,237	–	0.03%	–
PM	New	PHILIP MORRIS INTL INC	$298,790	–	3,060	–	0.03%	–
ABT	New	ABBOTT LABS	$287,626	–	2,638	–	0.03%	–
MO	New	ALTRIA GROUP INC	$285,645	–	6,305	–	0.03%	–
DOW	New	DOW INC	$272,691	–	5,120	–	0.03%	–
KKR	New	KKR & CO INC	$271,040	–	4,840	–	0.03%	–
QCOM	New	QUALCOMM INC	$262,602	–	2,206	–	0.03%	–
UNH	New	UNITEDHEALTH GROUP INC	$266,755	–	555	–	0.03%	–
SPLG	New	SPDR SER TRportfolio s&p500	$267,272	–	5,129	–	0.03%	–
FB	New	META PLATFORMS INCcl a	$264,022	–	920	–	0.03%	–
YUM	New	YUM BRANDS INC	$268,926	–	1,941	–	0.03%	–
COP	New	CONOCOPHILLIPS	$259,336	–	2,503	–	0.03%	–
ET	New	ENERGY TRANSFER L P	$255,778	–	20,140	–	0.03%	–
HON	New	HONEYWELL INTL INC	$257,909	–	1,242	–	0.03%	–
K	New	KELLOGG CO	$260,164	–	3,860	–	0.03%	–
MKL	New	MARKEL GROUP INC	$247,589	–	179	–	0.03%	–
IGSB	New	ISHARES TR	$243,325	–	4,850	–	0.03%	–
IWD	New	ISHARES TRrus 1000 val etf	$237,692	–	1,506	–	0.03%	–
ACN	New	ACCENTURE PLC IRELAND	$240,692	–	780	–	0.03%	–
SYY	New	SYSCO CORP	$226,681	–	3,055	–	0.03%	–
FTV	New	FORTIVE CORP	$231,712	–	3,099	–	0.03%	–
HSY	New	HERSHEY CO	$226,728	–	908	–	0.03%	–
IWS	New	ISHARES TRrus mdcp val etf	$229,992	–	2,093	–	0.03%	–
DD	New	DUPONT DE NEMOURS INC	$218,464	–	3,058	–	0.02%	–
DUK	New	DUKE ENERGY CORP NEW	$222,017	–	2,474	–	0.02%	–
GPC	New	GENUINE PARTS CO	$218,984	–	1,294	–	0.02%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$212,368	–	1,600	–	0.02%	–
PPG	New	PPG INDS INC	$207,620	–	1,400	–	0.02%	–
BAC	New	BANK AMERICA CORP	$207,228	–	7,223	–	0.02%	–
PAYX	New	PAYCHEX INC	$200,685	–	1,793	–	0.02%	–
BBN	New	BLACKROCK TAX MUNICPAL BD TR	$188,794	–	11,380	–	0.02%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	ORION OFFICE REIT INC	$0	–	-11,891	–	-0.01%	–
PDT	Exit	HANCOCK JOHN PREM DIVID FD	$0	–	-10,000	–	-0.02%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-1,506	–	-0.03%	–
KO	Exit	COCA COLA CO	$0	–	-3,634	–	-0.03%	–
HSY	Exit	HERSHEY CO	$0	–	-908	–	-0.03%	–
PAYX	Exit	PAYCHEX INC	$0	–	-1,793	–	-0.03%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-1,261	–	-0.03%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-675	–	-0.03%	–
SPLG	Exit	SPDR SER TRportfolio s&p500	$0	–	-5,129	–	-0.03%	–
YUM	Exit	YUM BRANDS INC	$0	–	-2,021	–	-0.03%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-1,458	–	-0.03%	–
BBN	Exit	BLACKROCK TAX MUNICPAL BD TR	$0	–	-13,330	–	-0.03%	–
DOW	Exit	DOW INC	$0	–	-5,148	–	-0.03%	–
ET	Exit	ENERGY TRANSFER L P	$0	–	-20,540	–	-0.03%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-1,149	–	-0.03%	–
CSCO	Exit	CISCO SYS INC	$0	–	-5,877	–	-0.03%	–
IGSB	Exit	ISHARES TR	$0	–	-4,850	–	-0.03%	–
KKR	Exit	KKR & CO INC	$0	–	-5,500	–	-0.03%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-4,576	–	-0.03%	–
NKE	Exit	NIKE INCcl b	$0	–	-3,011	–	-0.03%	–
ABT	Exit	ABBOTT LABS	$0	–	-2,635	–	-0.03%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,061	–	-0.03%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-2,562	–	-0.04%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-6,597	–	-0.04%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-1,029	–	-0.04%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-2,220	–	-0.04%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-1,766	–	-0.04%	–
K	Exit	KELLOGG CO	$0	–	-3,860	–	-0.04%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-653	–	-0.04%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,149	–	-0.04%	–
NTCT	Exit	NETSCOUT SYS INC	$0	–	-10,011	–	-0.04%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,524	–	-0.04%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-4,167	–	-0.04%	–
IWR	Exit	ISHARES TRrus mid cap etf	$0	–	-5,960	–	-0.05%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,079	–	-0.05%	–
BOTZ	Exit	GLOBAL X FDSrbtcs artfl inte	$0	–	-21,290	–	-0.05%	–
PPL	Exit	PPL CORP	$0	–	-15,506	–	-0.05%	–
ORLY	Exit	OREILLY AUTOMOTIVE INC	$0	–	-563	–	-0.05%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-4,380	–	-0.06%	–
AMGN	Exit	AMGEN INC	$0	–	-2,112	–	-0.06%	–
OKE	Exit	ONEOK INC NEW	$0	–	-9,380	–	-0.06%	–
LLY	Exit	LILLY ELI & CO	$0	–	-1,496	–	-0.06%	–
SUB	Exit	ISHARES TRshrt nat mun etf	$0	–	-4,750	–	-0.06%	–
WMT	Exit	WALMART INC	$0	–	-3,795	–	-0.06%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-4,117	–	-0.07%	–
ORCL	Exit	ORACLE CORP	$0	–	-8,885	–	-0.07%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,393	–	-0.07%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-5,300	–	-0.07%	–
BEPC	Exit	BROOKFIELD RENEWABLE CORPcl a sub vtg	$0	–	-17,093	–	-0.07%	–
JFR	Exit	NUVEEN FLOATING RATE INCOME	$0	–	-69,819	–	-0.08%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-2,690	–	-0.08%	–
CSX	Exit	CSX CORP	$0	–	-22,869	–	-0.08%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-2,734	–	-0.08%	–
VTR	Exit	VENTAS INC	$0	–	-16,818	–	-0.09%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-2,104	–	-0.09%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-4,863	–	-0.09%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-18,718	–	-0.10%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-3,437	–	-0.10%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-3,667	–	-0.10%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-10,086	–	-0.12%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-6,509	–	-0.13%	–
KYN	Exit	KAYNE ANDERSON ENERGY INFRST	$0	–	-120,627	–	-0.13%	–
CEM	Exit	CLEARBRIDGE MLP AND MIDSTRM	$0	–	-34,125	–	-0.14%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-11,777	–	-0.14%	–
PFE	Exit	PFIZER INC	$0	–	-23,946	–	-0.14%	–
PEP	Exit	PEPSICO INC	$0	–	-7,080	–	-0.15%	–
WELL	Exit	WELLTOWER INC	$0	–	-20,481	–	-0.18%	–
GBDC	Exit	GOLUB CAP BDC INC	$0	–	-110,250	–	-0.18%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-28,706	–	-0.19%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-19,549	–	-0.19%	–
BEP	Exit	BROOKFIELD RENEWABLE PARTNERpartnership unit	$0	–	-47,762	–	-0.20%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-19,262	–	-0.20%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-21,145	–	-0.20%	–
CI	Exit	CIGNA CORP NEW	$0	–	-5,699	–	-0.21%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-4	–	-0.22%	–
KMX	Exit	CARMAX INC	$0	–	-27,438	–	-0.24%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-7,175	–	-0.25%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-17,109	–	-0.25%	–
WY	Exit	WEYERHAEUSER CO MTN BE	$0	–	-66,608	–	-0.25%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-13,043	–	-0.28%	–
JEPI	Exit	J P MORGAN EXCHANGE TRADED Fequity premium	$0	–	-43,760	–	-0.30%	–
C	Exit	CITIGROUP INC	$0	–	-57,619	–	-0.32%	–
EQCPRD	Exit	EQUITY COMWLTH6.5% cnv pfd d	$0	–	-95,527	–	-0.33%	–
RLJPRA	Exit	RLJ LODGING TRcum conv pfd a	$0	–	-104,428	–	-0.34%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-41,038	–	-0.35%	–
FISV	Exit	FISERV INC	$0	–	-28,260	–	-0.35%	–
SPLK	Exit	SPLUNK INC	$0	–	-38,783	–	-0.39%	–
STWD	Exit	STARWOOD PPTY TR INC	$0	–	-161,089	–	-0.39%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-61,972	–	-0.39%	–
VOD	Exit	VODAFONE GROUP PLC NEWsponsored adr	$0	–	-279,198	–	-0.42%	–
	Exit	JACOBS SOLUTIONS INC	$0	–	-29,940	–	-0.43%	–
DLR	Exit	DIGITAL RLTY TR INC	$0	–	-33,343	–	-0.44%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-111,814	–	-0.45%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-33,417	–	-0.45%	–
BTZ	Exit	BLACKROCK CR ALLOCATION INCO	$0	–	-374,785	–	-0.48%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-217,297	–	-0.48%	–
EVRG	Exit	EVERGY INC	$0	–	-61,913	–	-0.49%	–
MBUU	Exit	MALIBU BOATS INC	$0	–	-76,923	–	-0.49%	–
T	Exit	AT&T INC	$0	–	-250,098	–	-0.51%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-45,965	–	-0.55%	–
BCE	Exit	BCE INC	$0	–	-99,976	–	-0.56%	–
WFCPRL	Exit	WELLS FARGO CO NEWperp pfd cnv a	$0	–	-3,530	–	-0.57%	–
MRK	Exit	MERCK & CO INC	$0	–	-59,307	–	-0.68%	–
	Exit	SHELL PLCspon ads	$0	–	-108,235	–	-0.72%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-129,977	–	-0.74%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-72,932	–	-0.78%	–
CWENA	Exit	CLEARWAY ENERGY INCcl a	$0	–	-210,438	–	-0.82%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-224,099	–	-0.84%	–
DE	Exit	DEERE & CO	$0	–	-19,123	–	-0.85%	–
DIS	Exit	DISNEY WALT CO	$0	–	-68,683	–	-0.86%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-75,022	–	-0.87%	–
SO	Exit	SOUTHERN CO	$0	–	-97,034	–	-0.88%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-315,108	–	-1.00%	–
AESC	Exit	AES CORPunit 02/15/2024	$0	–	-87,149	–	-1.02%	–
O	Exit	REALTY INCOME CORP	$0	–	-137,353	–	-1.06%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-169,276	–	-1.11%	–
FCT	Exit	FIRST TR SR FLTG RATE INCOME	$0	–	-849,324	–	-1.13%	–
AVGO	Exit	BROADCOM INC	$0	–	-19,254	–	-1.14%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-288,234	–	-1.16%	–
D	Exit	DOMINION ENERGY INC	$0	–	-127,348	–	-1.17%	–
BXMT	Exit	BLACKSTONE MTG TR INC	$0	–	-383,372	–	-1.19%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-249,437	–	-1.26%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-123,952	–	-1.29%	–
V	Exit	VISA INC	$0	–	-54,718	–	-1.29%	–
AEP	Exit	AMERICAN ELEC PWR CO INC	$0	–	-114,878	–	-1.32%	–
BLK	Exit	BLACKROCK INC	$0	–	-19,373	–	-1.42%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-141,501	–	-1.43%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-693,160	–	-1.56%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-55,137	–	-1.56%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-100,658	–	-1.58%	–
BX	Exit	BLACKSTONE INC	$0	–	-149,203	–	-1.66%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-169,999	–	-1.85%	–
CCI	Exit	CROWN CASTLE INC	$0	–	-97,142	–	-1.87%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-155,780	–	-1.98%	–
ICSH	Exit	ISHARES TRblackrock ultra	$0	–	-305,073	–	-2.03%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-55,830	–	-2.15%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-225,323	–	-2.24%	–
AMZN	Exit	AMAZON COM INC	$0	–	-161,961	–	-2.44%	–
URI	Exit	UNITED RENTALS INC	$0	–	-81,118	–	-2.92%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-267,895	–	-3.40%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-277,603	–	-3.55%	–
LOW	Exit	LOWES COS INC	$0	–	-222,265	–	-5.56%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-170,360	–	-6.05%	–
AAPL	Exit	APPLE INC	$0	–	-411,161	–	-7.56%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-245,518	–	-7.61%	–

Q3 2022

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$57,181,000	-8.9%	245,518	+0.5%	7.61%	-3.8%
AAPL	Sell	APPLE INC	$56,823,000	+0.7%	411,161	-0.4%	7.56%	+6.2%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$45,490,000	-2.0%	170,360	+0.2%	6.05%	+3.4%
LOW	Sell	LOWES COS INC	$41,744,000	+7.3%	222,265	-0.3%	5.56%	+13.2%
GOOG	Buy	ALPHABET INCcap stk cl c	$26,692,000	-13.4%	277,603	+1871.3%	3.55%	-8.5%
CVS	Buy	CVS HEALTH CORP	$25,549,000	+3.5%	267,895	+0.6%	3.40%	+9.3%
URI	Buy	UNITED RENTALS INC	$21,912,000	+11.6%	81,118	+0.3%	2.92%	+17.8%
AMZN	Buy	AMAZON COM INC	$18,302,000	+15.1%	161,961	+8.2%	2.44%	+21.5%
LEN	Buy	LENNAR CORPcl a	$16,798,000	+6.1%	225,323	+0.4%	2.24%	+12.0%
VRTX	Buy	VERTEX PHARMACEUTICALS INC	$16,165,000	+4.2%	55,830	+1.5%	2.15%	+10.0%
ICSH	Buy	ISHARES TRblackrock ultra	$15,257,000	+15.5%	305,073	+15.6%	2.03%	+21.9%
GOOGL	Buy	ALPHABET INCcap stk cl a	$14,900,000	-9.2%	155,780	+1968.2%	1.98%	-4.2%
CCI	Sell	CROWN CASTLE INC	$14,042,000	-14.7%	97,142	-0.6%	1.87%	-10.0%
AMAT	Buy	APPLIED MATLS INC	$13,928,000	-7.7%	169,999	+2.5%	1.85%	-2.6%
BX	Buy	BLACKSTONE INC	$12,488,000	-6.0%	149,203	+2.4%	1.66%	-0.8%
WSM	Buy	WILLIAMS SONOMA INC	$11,863,000	+7.2%	100,658	+0.9%	1.58%	+13.2%
ARCC	Buy	ARES CAPITAL CORP	$11,701,000	-4.7%	693,160	+1.2%	1.56%	+0.6%
GD	Buy	GENERAL DYNAMICS CORP	$11,698,000	-1.7%	55,137	+2.6%	1.56%	+3.8%
NVS	Sell	NOVARTIS AGsponsored adr	$10,756,000	-11.3%	141,501	-1.3%	1.43%	-6.3%
BLK	Buy	BLACKROCK INC	$10,661,000	-5.2%	19,373	+4.9%	1.42%	+0.1%
AEP	Sell	AMERICAN ELEC PWR CO INC	$9,931,000	-10.1%	114,878	-0.2%	1.32%	-5.2%
V	Buy	VISA INC	$9,721,000	-9.4%	54,718	+0.4%	1.29%	-4.4%
NEE	Sell	NEXTERA ENERGY INC	$9,719,000	+1.0%	123,952	-0.2%	1.29%	+6.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$9,471,000	-23.9%	249,437	+1.7%	1.26%	-19.7%
BXMT	Buy	BLACKSTONE MTG TR INC	$8,948,000	-14.1%	383,372	+1.8%	1.19%	-9.3%
D	Sell	DOMINION ENERGY INC	$8,801,000	-13.7%	127,348	-0.3%	1.17%	-8.9%
BAC	Sell	BK OF AMERICA CORP	$8,705,000	-3.1%	288,234	-0.1%	1.16%	+2.3%
AVGO	Sell	BROADCOM INC	$8,549,000	-8.9%	19,254	-0.4%	1.14%	-3.8%
FCT	Buy	FIRST TR SR FLTG RATE INCOME	$8,485,000	+0.0%	849,324	+0.0%	1.13%	+5.6%
JCI	Buy	JOHNSON CTLS INTL PLC	$8,332,000	+4.8%	169,276	+2.0%	1.11%	+10.7%
O	Sell	REALTY INCOME CORP	$7,994,000	-15.4%	137,353	-0.8%	1.06%	-10.7%
AESC	Buy	AES CORPunit 02/15/2024	$7,701,000	+3.4%	87,149	+1.1%	1.02%	+9.2%
EPD	Buy	ENTERPRISE PRODS PARTNERS L	$7,493,000	-0.9%	315,108	+1.6%	1.00%	+4.6%
SO	Buy	SOUTHERN CO	$6,598,000	-4.5%	97,034	+0.2%	0.88%	+0.8%
IJR	Buy	ISHARES TRcore s&p scp etf	$6,541,000	-1.2%	75,022	+4.7%	0.87%	+4.2%
DIS	Buy	DISNEY WALT CO	$6,479,000	+1.3%	68,683	+1.3%	0.86%	+6.8%
DE	Buy	DEERE & CO	$6,385,000	+227.9%	19,123	+194.1%	0.85%	+246.9%
CNP	Sell	CENTERPOINT ENERGY INC	$6,315,000	-5.4%	224,099	-0.7%	0.84%	-0.2%
CWENA	Buy	CLEARWAY ENERGY INCcl a	$6,124,000	-8.5%	210,438	+0.5%	0.82%	-3.4%
MDT	Sell	MEDTRONIC PLC	$5,889,000	-11.7%	72,932	-1.9%	0.78%	-6.8%
IEMG	Buy	ISHARES INCcore msci emkt	$5,586,000	-9.3%	129,977	+3.5%	0.74%	-4.4%
	Buy	SHELL PLCspon ads	$5,386,000	+153.3%	108,235	+166.1%	0.72%	+167.5%
MRK	Sell	MERCK & CO INC	$5,108,000	-5.6%	59,307	-0.1%	0.68%	-0.3%
WFCPRL	Buy	WELLS FARGO CO NEWperp pfd cnv a	$4,250,000	+2.8%	3,530	+3.7%	0.57%	+8.6%
BCE	Buy	BCE INC	$4,193,000	-11.9%	99,976	+3.3%	0.56%	-7.0%
SPG	Buy	SIMON PPTY GROUP INC NEW	$4,125,000	-2.3%	45,965	+3.3%	0.55%	+3.2%
T	Buy	AT&T INC	$3,837,000	-21.5%	250,098	+7.3%	0.51%	-17.0%
MBUU	Buy	MALIBU BOATS INC	$3,692,000	-7.0%	76,923	+2.1%	0.49%	-2.0%
KMI	Buy	KINDER MORGAN INC DEL	$3,616,000	+1.2%	217,297	+2.0%	0.48%	+6.9%
BTZ	Sell	BLACKROCK CR ALLOCATION INCO	$3,575,000	-12.9%	374,785	-0.5%	0.48%	-7.9%
ATO	Sell	ATMOS ENERGY CORP	$3,404,000	-9.8%	33,417	-0.8%	0.45%	-4.8%
PBA	Sell	PEMBINA PIPELINE CORP	$3,396,000	-14.5%	111,814	-0.4%	0.45%	-9.6%
DLR	Buy	DIGITAL RLTY TR INC	$3,307,000	-20.8%	33,343	+3.7%	0.44%	-16.3%
	New	JACOBS SOLUTIONS INC	$3,248,000	–	29,940	–	0.43%	–
VOD	Buy	VODAFONE GROUP PLC NEWsponsored adr	$3,164,000	-24.2%	279,198	+4.2%	0.42%	-20.0%
MMP	Sell	MAGELLAN MIDSTREAM PRTNRS LP	$2,944,000	-1.3%	61,972	-0.8%	0.39%	+4.3%
STWD	Buy	STARWOOD PPTY TR INC	$2,935,000	-11.5%	161,089	+1.4%	0.39%	-6.5%
SPLK	Sell	SPLUNK INC	$2,916,000	-15.1%	38,783	-0.1%	0.39%	-10.4%
FISV	Buy	FISERV INC	$2,644,000	+137.8%	28,260	+126.2%	0.35%	+151.4%
XEL	Buy	XCEL ENERGY INC	$2,626,000	-8.7%	41,038	+0.9%	0.35%	-3.9%
RLJPRA	Sell	RLJ LODGING TRcum conv pfd a	$2,567,000	-5.8%	104,428	-0.6%	0.34%	-0.6%
EQCPRD	Sell	EQUITY COMWLTH6.5% cnv pfd d	$2,500,000	-1.0%	95,527	-1.5%	0.33%	+4.7%
C	Buy	CITIGROUP INC	$2,401,000	+87.9%	57,619	+107.4%	0.32%	+98.1%
JEPI	Buy	J P MORGAN EXCHANGE TRADED Fequity premium	$2,242,000	+14.2%	43,760	+23.6%	0.30%	+20.6%
JNJ	Sell	JOHNSON & JOHNSON	$2,131,000	-8.5%	13,043	-0.6%	0.28%	-3.4%
WY	Sell	WEYERHAEUSER CO MTN BE	$1,902,000	-14.2%	66,608	-0.4%	0.25%	-9.3%
SHV	New	ISHARES TRshort treas bd	$1,882,000	–	17,109	–	0.25%	–
DHR	Buy	DANAHER CORPORATION	$1,853,000	+2.8%	7,175	+0.9%	0.25%	+8.8%
KMX	Buy	CARMAX INC	$1,811,000	+94.9%	27,438	+167.2%	0.24%	+106.0%
ES	Sell	EVERSOURCE ENERGY	$1,502,000	-8.4%	19,262	-0.7%	0.20%	-3.4%
BEP	Sell	BROOKFIELD RENEWABLE PARTNERpartnership unit	$1,495,000	-10.8%	47,762	-0.9%	0.20%	-5.7%
ATVI	Buy	ACTIVISION BLIZZARD INC	$1,453,000	+5.6%	19,549	+10.6%	0.19%	+11.6%
MU	Sell	MICRON TECHNOLOGY INC	$1,438,000	-33.6%	28,706	-26.7%	0.19%	-30.0%
GBDC	Sell	GOLUB CAP BDC INC	$1,366,000	-4.9%	110,250	-0.5%	0.18%	+0.6%
WELL	Buy	WELLTOWER INC	$1,317,000	-21.0%	20,481	+1.1%	0.18%	-16.7%
PEP	Buy	PEPSICO INC	$1,156,000	-0.9%	7,080	+1.1%	0.15%	+4.8%
PFE	Sell	PFIZER INC	$1,048,000	-28.1%	23,946	-13.9%	0.14%	-24.5%
XOM	Sell	EXXON MOBIL CORP	$1,028,000	-0.2%	11,777	-2.0%	0.14%	+5.4%
CEM	Buy	CLEARBRIDGE MLP AND MIDSTRM	$1,017,000	+12.4%	34,125	+8.3%	0.14%	+18.4%
KYN	Buy	KAYNE ANDERSON ENERGY INFRST	$977,000	+3.0%	120,627	+6.5%	0.13%	+8.3%
MMC	Sell	MARSH & MCLENNAN COS INC	$972,000	-4.2%	6,509	-0.4%	0.13%	+0.8%
CVX	Sell	CHEVRON CORP NEW	$699,000	-11.6%	4,863	-11.0%	0.09%	-7.0%
VOO	New	VANGUARD INDEX FDS	$691,000	–	2,104	–	0.09%	–
BEPC	Buy	BROOKFIELD RENEWABLE CORPcl a sub vtg	$559,000	+1.5%	17,093	+10.5%	0.07%	+7.2%
JPM	Buy	JPMORGAN CHASE & CO	$554,000	-7.2%	5,300	+0.0%	0.07%	-1.3%
WMT	Sell	WALMART INC	$492,000	+5.8%	3,795	-0.7%	0.06%	+10.2%
SUB	New	ISHARES TRshrt nat mun etf	$488,000	–	4,750	–	0.06%	–
LLY	Buy	LILLY ELI & CO	$484,000	+5.2%	1,496	+5.4%	0.06%	+10.3%
AGG	Sell	ISHARES TRcore us aggbd et	$422,000	-8.3%	4,380	-3.1%	0.06%	-3.4%
BOTZ	Buy	GLOBAL X FDSrbtcs artfl inte	$385,000	+34.1%	21,290	+50.5%	0.05%	+41.7%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$341,000	-11.9%	4,167	+3.6%	0.04%	-8.2%
ABBV	Sell	ABBVIE INC	$339,000	-23.5%	2,524	-12.8%	0.04%	-19.6%
HD	Sell	HOME DEPOT INC	$317,000	0.0%	1,149	-0.5%	0.04%	+5.0%
COST	Buy	COSTCO WHSL CORP NEW	$308,000	0.0%	653	+1.6%	0.04%	+5.1%
MO	Buy	ALTRIA GROUP INC	$266,000	-3.3%	6,597	+0.0%	0.04%	0.0%
COP	Sell	CONOCOPHILLIPS	$262,000	+13.4%	2,562	-0.5%	0.04%	+20.7%
ABT	Sell	ABBOTT LABS	$255,000	-22.3%	2,635	-12.7%	0.03%	-17.1%
IEFA	New	ISHARES TRcore msci eafe	$241,000	–	4,576	–	0.03%	–
SYK	Sell	STRYKER CORPORATION	$233,000	-7.2%	1,149	-8.8%	0.03%	-3.1%
DOW	Sell	DOW INC	$226,000	-15.7%	5,148	-1.0%	0.03%	-11.8%
PNC	Sell	PNC FINL SVCS GROUP INC	$218,000	-37.5%	1,458	-34.1%	0.03%	-34.1%
YUM	Sell	YUM BRANDS INC	$215,000	-13.7%	2,021	-7.9%	0.03%	-6.5%
HSY	New	HERSHEY CO	$200,000	–	908	–	0.03%	–
PAYX	New	PAYCHEX INC	$201,000	–	1,793	–	0.03%	–
	Sell	ORION OFFICE REIT INC	$104,000	-21.8%	11,891	-1.9%	0.01%	-17.6%
USIG	Exit	ISHARES TRusd inv grde etf	$0	–	-4,255	–	-0.03%	–
QCOM	Exit	QUALCOMM INC	$0	–	-1,681	–	-0.03%	–
MKL	Exit	MARKEL CORP	$0	–	-179	–	-0.03%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,204	–	-0.03%	–
INTC	Exit	INTEL CORP	$0	–	-6,845	–	-0.03%	–
HEZU	Exit	ISHARES TRcur hd eurzn etf	$0	–	-9,000	–	-0.04%	–
IPAC	Exit	ISHARES TRcore msci pac	$0	–	-14,690	–	-0.10%	–
IEUR	Exit	ISHARES TRcore msci euro	$0	–	-21,976	–	-0.12%	–
ORAN	Exit	ORANGEsponsored adr	$0	–	-149,425	–	-0.22%	–
CMP	Exit	COMPASS MINERALS INTL INC	$0	–	-96,827	–	-0.43%	–
J	Exit	JACOBS ENGR GROUP INC	$0	–	-28,894	–	-0.46%	–
SAM	Exit	BOSTON BEER INCcl a	$0	–	-14,202	–	-0.54%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-44,040	–	-0.58%	–
MMM	Exit	3M CO	$0	–	-74,261	–	-1.21%	–

Q2 2022

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$62,743,000	–	244,299	–	7.91%	–
AAPL	New	APPLE INC	$56,455,000	–	412,923	–	7.12%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$46,441,000	–	170,100	–	5.86%	–
LOW	New	LOWES COS INC	$38,922,000	–	222,831	–	4.91%	–
GOOG	New	ALPHABET INCcap stk cl c	$30,805,000	–	14,082	–	3.88%	–
CVS	New	CVS HEALTH CORP	$24,681,000	–	266,366	–	3.11%	–
URI	New	UNITED RENTALS INC	$19,642,000	–	80,861	–	2.48%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$16,462,000	–	97,769	–	2.08%	–
GOOGL	New	ALPHABET INCcap stk cl a	$16,414,000	–	7,532	–	2.07%	–
AMZN	New	AMAZON COM INC	$15,896,000	–	149,666	–	2.00%	–
LEN	New	LENNAR CORPcl a	$15,833,000	–	224,352	–	2.00%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$15,507,000	–	55,031	–	1.96%	–
AMAT	New	APPLIED MATLS INC	$15,093,000	–	165,895	–	1.90%	–
BX	New	BLACKSTONE INC	$13,291,000	–	145,689	–	1.68%	–
ICSH	New	ISHARES TRblackrock ultra	$13,211,000	–	264,012	–	1.66%	–
VZ	New	VERIZON COMMUNICATIONS INC	$12,444,000	–	245,206	–	1.57%	–
ARCC	New	ARES CAPITAL CORP	$12,283,000	–	685,054	–	1.55%	–
NVS	New	NOVARTIS AGsponsored adr	$12,123,000	–	143,411	–	1.53%	–
GD	New	GENERAL DYNAMICS CORP	$11,895,000	–	53,761	–	1.50%	–
BLK	New	BLACKROCK INC	$11,247,000	–	18,466	–	1.42%	–
WSM	New	WILLIAMS SONOMA INC	$11,065,000	–	99,726	–	1.40%	–
AEP	New	AMERICAN ELEC PWR CO INC	$11,048,000	–	115,160	–	1.39%	–
V	New	VISA INC	$10,734,000	–	54,518	–	1.35%	–
BXMT	New	BLACKSTONE MTG TR INC	$10,416,000	–	376,451	–	1.31%	–
D	New	DOMINION ENERGY INC	$10,195,000	–	127,742	–	1.28%	–
NEE	New	NEXTERA ENERGY INC	$9,620,000	–	124,191	–	1.21%	–
MMM	New	3M CO	$9,610,000	–	74,261	–	1.21%	–
O	New	REALTY INCOME CORP	$9,447,000	–	138,402	–	1.19%	–
AVGO	New	BROADCOM INC	$9,387,000	–	19,322	–	1.18%	–
BAC	New	BK OF AMERICA CORP	$8,979,000	–	288,446	–	1.13%	–
FCT	New	FIRST TR SR FLTG RATE INCOME	$8,483,000	–	849,142	–	1.07%	–
JCI	New	JOHNSON CTLS INTL PLC	$7,950,000	–	166,034	–	1.00%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$7,558,000	–	310,147	–	0.95%	–
AESC	New	AES CORPunit 99/99/9999	$7,445,000	–	86,242	–	0.94%	–
SO	New	SOUTHERN CO	$6,906,000	–	96,839	–	0.87%	–
CWENA	New	CLEARWAY ENERGY INCcl a	$6,696,000	–	209,436	–	0.84%	–
CNP	New	CENTERPOINT ENERGY INC	$6,677,000	–	225,739	–	0.84%	–
MDT	New	MEDTRONIC PLC	$6,670,000	–	74,317	–	0.84%	–
IJR	New	ISHARES TRcore s&p scp etf	$6,623,000	–	71,669	–	0.84%	–
DIS	New	DISNEY WALT CO	$6,399,000	–	67,788	–	0.81%	–
IEMG	New	ISHARES INCcore msci emkt	$6,160,000	–	125,554	–	0.78%	–
MRK	New	MERCK & CO INC	$5,413,000	–	59,372	–	0.68%	–
T	New	AT&T INC	$4,886,000	–	233,110	–	0.62%	–
BCE	New	BCE INC	$4,758,000	–	96,747	–	0.60%	–
SWK	New	STANLEY BLACK & DECKER INC	$4,618,000	–	44,040	–	0.58%	–
SAM	New	BOSTON BEER INCcl a	$4,303,000	–	14,202	–	0.54%	–
SPG	New	SIMON PPTY GROUP INC NEW	$4,222,000	–	44,476	–	0.53%	–
VOD	New	VODAFONE GROUP PLC NEWsponsored adr	$4,176,000	–	268,064	–	0.53%	–
DLR	New	DIGITAL RLTY TR INC	$4,176,000	–	32,162	–	0.53%	–
WFCPRL	New	WELLS FARGO CO NEWperp pfd cnv a	$4,136,000	–	3,403	–	0.52%	–
BTZ	New	BLACKROCK CR ALLOCATION INCO	$4,103,000	–	376,765	–	0.52%	–
EVRG	New	EVERGY INC	$4,040,000	–	61,913	–	0.51%	–
MBUU	New	MALIBU BOATS INC	$3,971,000	–	75,344	–	0.50%	–
PBA	New	PEMBINA PIPELINE CORP	$3,970,000	–	112,303	–	0.50%	–
ATO	New	ATMOS ENERGY CORP	$3,775,000	–	33,677	–	0.48%	–
J	New	JACOBS ENGR GROUP INC	$3,673,000	–	28,894	–	0.46%	–
KMI	New	KINDER MORGAN INC DEL	$3,572,000	–	213,134	–	0.45%	–
SPLK	New	SPLUNK INC	$3,435,000	–	38,836	–	0.43%	–
CMP	New	COMPASS MINERALS INTL INC	$3,427,000	–	96,827	–	0.43%	–
STWD	New	STARWOOD PPTY TR INC	$3,317,000	–	158,802	–	0.42%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$2,984,000	–	62,487	–	0.38%	–
XEL	New	XCEL ENERGY INC	$2,877,000	–	40,663	–	0.36%	–
RLJPRA	New	RLJ LODGING TRcum conv pfd a	$2,725,000	–	105,103	–	0.34%	–
EQCPRD	New	EQUITY COMWLTH6.5% cnv pfd d	$2,526,000	–	96,961	–	0.32%	–
JNJ	New	JOHNSON & JOHNSON	$2,330,000	–	13,123	–	0.29%	–
WY	New	WEYERHAEUSER CO MTN BE	$2,216,000	–	66,896	–	0.28%	–
MU	New	MICRON TECHNOLOGY INC	$2,166,000	–	39,186	–	0.27%	–
	New	SHELL PLCspon ads	$2,126,000	–	40,667	–	0.27%	–
JEPI	New	J P MORGAN EXCHANGE TRADED Fequity premium	$1,963,000	–	35,400	–	0.25%	–
DE	New	DEERE & CO	$1,947,000	–	6,503	–	0.24%	–
DHR	New	DANAHER CORPORATION	$1,803,000	–	7,110	–	0.23%	–
ORAN	New	ORANGEsponsored adr	$1,759,000	–	149,425	–	0.22%	–
BEP	New	BROOKFIELD RENEWABLE PARTNERpartnership unit	$1,676,000	–	48,172	–	0.21%	–
WELL	New	WELLTOWER INC	$1,668,000	–	20,249	–	0.21%	–
ES	New	EVERSOURCE ENERGY	$1,639,000	–	19,398	–	0.21%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$1,636,000	–	4	–	0.21%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,628,000	–	21,145	–	0.20%	–
CI	New	CIGNA CORP NEW	$1,502,000	–	5,699	–	0.19%	–
PFE	New	PFIZER INC	$1,458,000	–	27,803	–	0.18%	–
GBDC	New	GOLUB CAP BDC INC	$1,437,000	–	110,843	–	0.18%	–
ATVI	New	ACTIVISION BLIZZARD INC	$1,376,000	–	17,671	–	0.17%	–
C	New	CITIGROUP INC	$1,278,000	–	27,785	–	0.16%	–
PEP	New	PEPSICO INC	$1,167,000	–	7,000	–	0.15%	–
FISV	New	FISERV INC	$1,112,000	–	12,495	–	0.14%	–
XOM	New	EXXON MOBIL CORP	$1,030,000	–	12,022	–	0.13%	–
MMC	New	MARSH & MCLENNAN COS INC	$1,015,000	–	6,538	–	0.13%	–
IEUR	New	ISHARES TRcore msci euro	$988,000	–	21,976	–	0.12%	–
ED	New	CONSOLIDATED EDISON INC	$959,000	–	10,086	–	0.12%	–
KYN	New	KAYNE ANDERSON ENERGY INFRST	$949,000	–	113,263	–	0.12%	–
KMX	New	CARMAX INC	$929,000	–	10,270	–	0.12%	–
CEM	New	CLEARBRIDGE MLP AND MIDSTRM	$905,000	–	31,513	–	0.11%	–
VTR	New	VENTAS INC	$865,000	–	16,818	–	0.11%	–
IWF	New	ISHARES TRrus 1000 grw etf	$802,000	–	3,667	–	0.10%	–
CVX	New	CHEVRON CORP NEW	$791,000	–	5,465	–	0.10%	–
BK	New	BANK NEW YORK MELLON CORP	$781,000	–	18,718	–	0.10%	–
NSC	New	NORFOLK SOUTHN CORP	$781,000	–	3,437	–	0.10%	–
IPAC	New	ISHARES TRcore msci pac	$764,000	–	14,690	–	0.10%	–
CSX	New	CSX CORP	$665,000	–	22,869	–	0.08%	–
ORCL	New	ORACLE CORP	$621,000	–	8,885	–	0.08%	–
IJH	New	ISHARES TRcore s&p mcp etf	$609,000	–	2,690	–	0.08%	–
LMT	New	LOCKHEED MARTIN CORP	$599,000	–	1,393	–	0.08%	–
JPM	New	JPMORGAN CHASE & CO	$597,000	–	5,299	–	0.08%	–
PG	New	PROCTER AND GAMBLE CO	$592,000	–	4,117	–	0.08%	–
JFR	New	NUVEEN FLOATING RATE INCOME	$582,000	–	69,819	–	0.07%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$574,000	–	2,734	–	0.07%	–
BEPC	New	BROOKFIELD RENEWABLE CORPcl a sub vtg	$551,000	–	15,470	–	0.07%	–
OKE	New	ONEOK INC NEW	$521,000	–	9,380	–	0.07%	–
AMGN	New	AMGEN INC	$514,000	–	2,112	–	0.06%	–
WMT	New	WALMART INC	$465,000	–	3,821	–	0.06%	–
LLY	New	LILLY ELI & CO	$460,000	–	1,419	–	0.06%	–
AGG	New	ISHARES TRcore us aggbd et	$460,000	–	4,520	–	0.06%	–
ABBV	New	ABBVIE INC	$443,000	–	2,894	–	0.06%	–
PPL	New	PPL CORP	$421,000	–	15,506	–	0.05%	–
IVV	New	ISHARES TRcore s&p500 etf	$409,000	–	1,079	–	0.05%	–
IWR	New	ISHARES TRrus mid cap etf	$385,000	–	5,960	–	0.05%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$387,000	–	4,023	–	0.05%	–
ORLY	New	OREILLY AUTOMOTIVE INC	$356,000	–	563	–	0.04%	–
PNC	New	PNC FINL SVCS GROUP INC	$349,000	–	2,213	–	0.04%	–
NTCT	New	NETSCOUT SYS INC	$339,000	–	10,011	–	0.04%	–
NVDA	New	NVIDIA CORPORATION	$337,000	–	2,220	–	0.04%	–
ABT	New	ABBOTT LABS	$328,000	–	3,018	–	0.04%	–
HD	New	HOME DEPOT INC	$317,000	–	1,155	–	0.04%	–
COST	New	COSTCO WHSL CORP NEW	$308,000	–	643	–	0.04%	–
NKE	New	NIKE INCcl b	$308,000	–	3,011	–	0.04%	–
PM	New	PHILIP MORRIS INTL INC	$302,000	–	3,061	–	0.04%	–
HEZU	New	ISHARES TRcur hd eurzn etf	$282,000	–	9,000	–	0.04%	–
ACN	New	ACCENTURE PLC IRELAND	$286,000	–	1,029	–	0.04%	–
BOTZ	New	GLOBAL X FDSrbtcs artfl inte	$287,000	–	14,142	–	0.04%	–
K	New	KELLOGG CO	$275,000	–	3,860	–	0.04%	–
MO	New	ALTRIA GROUP INC	$275,000	–	6,594	–	0.04%	–
TXN	New	TEXAS INSTRS INC	$271,000	–	1,766	–	0.03%	–
DOW	New	DOW INC	$268,000	–	5,202	–	0.03%	–
SYK	New	STRYKER CORPORATION	$251,000	–	1,260	–	0.03%	–
CSCO	New	CISCO SYS INC	$251,000	–	5,877	–	0.03%	–
BBN	New	BLACKROCK TAX MUNICPAL BD TR	$255,000	–	13,330	–	0.03%	–
INTC	New	INTEL CORP	$256,000	–	6,845	–	0.03%	–
KKR	New	KKR & CO INC	$255,000	–	5,500	–	0.03%	–
IGSB	New	ISHARES TR	$245,000	–	4,850	–	0.03%	–
YUM	New	YUM BRANDS INC	$249,000	–	2,195	–	0.03%	–
DUK	New	DUKE ENERGY CORP NEW	$236,000	–	2,204	–	0.03%	–
IDXX	New	IDEXX LABS INC	$237,000	–	675	–	0.03%	–
COP	New	CONOCOPHILLIPS	$231,000	–	2,576	–	0.03%	–
MKL	New	MARKEL CORP	$231,000	–	179	–	0.03%	–
KO	New	COCA COLA CO	$229,000	–	3,634	–	0.03%	–
SPLG	New	SPDR SER TRportfolio s&p500	$227,000	–	5,129	–	0.03%	–
HON	New	HONEYWELL INTL INC	$219,000	–	1,261	–	0.03%	–
QCOM	New	QUALCOMM INC	$215,000	–	1,681	–	0.03%	–
USIG	New	ISHARES TRusd inv grde etf	$217,000	–	4,255	–	0.03%	–
IWD	New	ISHARES TRrus 1000 val etf	$218,000	–	1,506	–	0.03%	–
ET	New	ENERGY TRANSFER L P	$205,000	–	20,540	–	0.03%	–
PDT	New	HANCOCK JOHN PREM DIVID FD	$140,000	–	10,000	–	0.02%	–
	New	ORION OFFICE REIT INC	$133,000	–	12,118	–	0.02%	–

Q4 2021

			Value		Shares		↓ Weighting
PDT	Exit	HANCOCK JOHN PREM DIVID FD	$0	–	-10,000	–	-0.02%	–
DLR	Exit	DIGITAL RLTY TR INC	$0	–	-1,427	–	-0.02%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-2,351	–	-0.02%	–
MIC	Exit	MACQUARIE INFRASTR HOLD LLC	$0	–	-5,000	–	-0.02%	–
PPG	Exit	PPG INDS INC	$0	–	-1,400	–	-0.02%	–
MKL	Exit	MARKEL CORP	$0	–	-179	–	-0.02%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-3,113	–	-0.02%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,264	–	-0.02%	–
FTV	Exit	FORTIVE CORP	$0	–	-3,099	–	-0.02%	–
QCOM	Exit	QUALCOMM INC	$0	–	-1,681	–	-0.02%	–
ET	Exit	ENERGY TRANSFER L P	$0	–	-23,185	–	-0.02%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-2,428	–	-0.03%	–
K	Exit	KELLOGG CO	$0	–	-3,607	–	-0.03%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-1,074	–	-0.03%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-1,089	–	-0.03%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,236	–	-0.03%	–
YUM	Exit	YUM BRANDS INC	$0	–	-2,040	–	-0.03%	–
FIVG	Exit	ETF SER SOLUTIONSdefiance next	$0	–	-6,850	–	-0.03%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-565	–	-0.03%	–
HD	Exit	HOME DEPOT INC	$0	–	-810	–	-0.03%	–
LLY	Exit	LILLY ELI & CO	$0	–	-1,128	–	-0.03%	–
DOW	Exit	DOW INC	$0	–	-4,803	–	-0.03%	–
NTCT	Exit	NETSCOUT SYS INC	$0	–	-10,011	–	-0.03%	–
IGSB	Exit	ISHARES TR	$0	–	-5,085	–	-0.03%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-1,483	–	-0.03%	–
AMGN	Exit	AMGEN INC	$0	–	-1,356	–	-0.03%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-1,149	–	-0.03%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-300	–	-0.03%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-1,682	–	-0.04%	–
KKR	Exit	KKR & CO INC	$0	–	-5,500	–	-0.04%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-982	–	-0.04%	–
BBN	Exit	BLACKROCK TAX MUNICPAL BD TR	$0	–	-13,330	–	-0.04%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-1,330	–	-0.04%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-815	–	-0.04%	–
ABT	Exit	ABBOTT LABS	$0	–	-3,299	–	-0.04%	–
NKE	Exit	NIKE INCcl b	$0	–	-2,674	–	-0.04%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-4,053	–	-0.05%	–
PPL	Exit	PPL CORP	$0	–	-15,846	–	-0.05%	–
IEUR	Exit	ISHARES TRcore msci euro	$0	–	-7,940	–	-0.05%	–
WMT	Exit	WALMART INC	$0	–	-3,597	–	-0.06%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-2,502	–	-0.06%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-850	–	-0.06%	–
FISV	Exit	FISERV INC	$0	–	-4,942	–	-0.06%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-3,820	–	-0.06%	–
OKE	Exit	ONEOK INC NEW	$0	–	-9,480	–	-0.06%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-10,162	–	-0.07%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-3,752	–	-0.07%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-2,093	–	-0.08%	–
CSX	Exit	CSX CORP	$0	–	-22,869	–	-0.08%	–
JFR	Exit	NUVEEN FLOATING RATE INCOME	$0	–	-69,919	–	-0.08%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-10,086	–	-0.08%	–
ORCL	Exit	ORACLE CORP	$0	–	-8,885	–	-0.09%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-3,419	–	-0.09%	–
UGI	Exit	UGI CORP NEW	$0	–	-19,665	–	-0.10%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-17,108	–	-0.10%	–
VTR	Exit	VENTAS INC	$0	–	-16,498	–	-0.10%	–
PEP	Exit	PEPSICO INC	$0	–	-6,102	–	-0.10%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-6,260	–	-0.11%	–
IPAC	Exit	ISHARES TRcore msci pac	$0	–	-14,690	–	-0.11%	–
ORLY	Exit	OREILLY AUTOMOTIVE INC	$0	–	-1,688	–	-0.12%	–
BEP	Exit	BROOKFIELD RENEWABLE PARTNERpartnership unit	$0	–	-27,955	–	-0.12%	–
CEM	Exit	CLEARBRIDGE MLP AND MIDSTRM	$0	–	-40,045	–	-0.12%	–
LEMB	Exit	ISHARES INCjp morgan em etf	$0	–	-26,790	–	-0.13%	–
CI	Exit	CIGNA CORP NEW	$0	–	-5,699	–	-0.13%	–
PFE	Exit	PFIZER INC	$0	–	-26,786	–	-0.13%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-20,120	–	-0.14%	–
KYN	Exit	KAYNE ANDERSON ENERGY INFRST	$0	–	-175,225	–	-0.16%	–
INTC	Exit	INTEL CORP	$0	–	-26,683	–	-0.16%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-19,268	–	-0.18%	–
WELL	Exit	WELLTOWER INC	$0	–	-19,991	–	-0.19%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-4	–	-0.19%	–
ORAN	Exit	ORANGEsponsored adr	$0	–	-165,656	–	-0.20%	–
GBDC	Exit	GOLUB CAP BDC INC	$0	–	-113,584	–	-0.20%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-11,202	–	-0.21%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-7,115	–	-0.25%	–
WY	Exit	WEYERHAEUSER CO MTN BE	$0	–	-66,994	–	-0.27%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-40,798	–	-0.29%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-59,478	–	-0.31%	–
CWENA	Exit	CLEARWAY ENERGY INCcl a	$0	–	-103,880	–	-0.33%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-34,139	–	-0.34%	–
J	Exit	JACOBS ENGR GROUP INC	$0	–	-24,785	–	-0.37%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-208,952	–	-0.40%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-113,357	–	-0.41%	–
EVRG	Exit	EVERGY INC	$0	–	-62,814	–	-0.44%	–
MBUU	Exit	MALIBU BOATS INC	$0	–	-67,210	–	-0.54%	–
BCE	Exit	BCE INC	$0	–	-100,806	–	-0.57%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-40,765	–	-0.60%	–
T	Exit	AT&T INC	$0	–	-204,143	–	-0.63%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-236,190	–	-0.66%	–
BTZ	Exit	BLACKROCK CR ALLOCATION INCO	$0	–	-383,720	–	-0.66%	–
MRK	Exit	MERCK & CO INC	$0	–	-78,631	–	-0.67%	–
SPLK	Exit	SPLUNK INC	$0	–	-41,245	–	-0.68%	–
SO	Exit	SOUTHERN CO	$0	–	-99,240	–	-0.70%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-34,674	–	-0.72%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-291,124	–	-0.72%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-37,211	–	-0.74%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-62,960	–	-0.78%	–
CMP	Exit	COMPASS MINERALS INTL INC	$0	–	-106,886	–	-0.78%	–
SAM	Exit	BOSTON BEER INCcl a	$0	–	-14,853	–	-0.86%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-126,841	–	-0.89%	–
D	Exit	DOMINION ENERGY INC	$0	–	-109,166	–	-0.91%	–
AEP	Exit	AMERICAN ELEC PWR CO INC	$0	–	-98,962	–	-0.92%	–
O	Exit	REALTY INCOME CORP	$0	–	-138,795	–	-1.02%	–
USIG	Exit	ISHARES TRusd inv grde etf	$0	–	-158,597	–	-1.08%	–
AVGO	Exit	BROADCOM INC	$0	–	-19,943	–	-1.10%	–
FCT	Exit	FIRST TR SR FLTG RATE INCOME	$0	–	-804,947	–	-1.12%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-79,320	–	-1.13%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-52,000	–	-1.16%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-132,219	–	-1.18%	–
ICSH	Exit	ISHARES TRblackrock ultra	$0	–	-205,663	–	-1.18%	–
BXMT	Exit	BLACKSTONE MTG TR INC	$0	–	-372,290	–	-1.28%	–
DIS	Exit	DISNEY WALT CO	$0	–	-66,800	–	-1.29%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-34,307	–	-1.32%	–
MMM	Exit	3M CO	$0	–	-68,221	–	-1.36%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-224,874	–	-1.38%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-178,846	–	-1.39%	–
V	Exit	VISA INC	$0	–	-55,104	–	-1.40%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-292,930	–	-1.42%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-152,833	–	-1.42%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-652,352	–	-1.51%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-131,011	–	-1.71%	–
BLK	Exit	BLACKROCK INC	$0	–	-18,214	–	-1.74%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-100,619	–	-1.98%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-101,075	–	-2.04%	–
BX	Exit	BLACKSTONE INC	$0	–	-159,511	–	-2.11%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-7,109	–	-2.16%	–
AMZN	Exit	AMAZON COM INC	$0	–	-6,567	–	-2.46%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-167,997	–	-2.46%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-239,858	–	-2.56%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-267,477	–	-2.58%	–
URI	Exit	UNITED RENTALS INC	$0	–	-84,419	–	-3.37%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-14,757	–	-4.48%	–
LOW	Exit	LOWES COS INC	$0	–	-229,385	–	-5.30%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-172,675	–	-5.36%	–
AAPL	Exit	APPLE INC	$0	–	-431,972	–	-6.96%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-257,745	–	-8.27%	–

Q3 2021

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$72,664,000	-11.4%	257,745	-14.9%	8.27%	+8.1%
AAPL	Sell	APPLE INC	$61,124,000	-14.7%	431,972	-17.4%	6.96%	+4.1%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$47,130,000	-18.2%	172,675	-16.7%	5.36%	-0.2%
LOW	Sell	LOWES COS INC	$46,533,000	-12.1%	229,385	-16.0%	5.30%	+7.2%
GOOG	Sell	ALPHABET INCcap stk cl c	$39,334,000	-13.1%	14,757	-18.3%	4.48%	+5.9%
URI	Sell	UNITED RENTALS INC	$29,625,000	-15.3%	84,419	-23.0%	3.37%	+3.4%
CVS	Sell	CVS HEALTH CORP	$22,698,000	-20.1%	267,477	-21.4%	2.58%	-2.5%
LEN	Sell	LENNAR CORPcl a	$22,470,000	-26.7%	239,858	-22.2%	2.56%	-10.6%
AMAT	Sell	APPLIED MATLS INC	$21,626,000	-31.7%	167,997	-24.5%	2.46%	-16.7%
AMZN	Sell	AMAZON COM INC	$21,573,000	-23.1%	6,567	-19.4%	2.46%	-6.2%
GOOGL	Sell	ALPHABET INCcap stk cl a	$19,006,000	-8.2%	7,109	-16.1%	2.16%	+12.0%
BX	Sell	BLACKSTONE INC	$18,558,000	+1.4%	159,511	-15.3%	2.11%	+23.7%
WSM	Sell	WILLIAMS SONOMA INC	$17,924,000	-16.1%	101,075	-24.5%	2.04%	+2.3%
CCI	Sell	CROWN CASTLE INTL CORP NEW	$17,439,000	-20.3%	100,619	-10.2%	1.98%	-2.8%
BLK	Sell	BLACKROCK INC	$15,275,000	-23.2%	18,214	-19.8%	1.74%	-6.3%
AGG	Sell	ISHARES TRcore us aggbd et	$15,044,000	-15.4%	131,011	-15.1%	1.71%	+3.1%
ARCC	Sell	ARES CAPITAL CORP	$13,262,000	-9.8%	652,352	-13.1%	1.51%	+10.1%
NVS	Sell	NOVARTIS AGsponsored adr	$12,499,000	-27.8%	152,833	-19.4%	1.42%	-11.9%
BAC	Sell	BK OF AMERICA CORP	$12,435,000	-16.8%	292,930	-19.2%	1.42%	+1.6%
V	Sell	VISA INC	$12,275,000	-22.2%	55,104	-18.4%	1.40%	-5.2%
JCI	Sell	JOHNSON CTLS INTL PLC	$12,176,000	-20.8%	178,846	-20.2%	1.39%	-3.5%
VZ	Sell	VERIZON COMMUNICATIONS INC	$12,145,000	-15.3%	224,874	-12.1%	1.38%	+3.4%
MMM	Sell	3M CO	$11,967,000	-32.9%	68,221	-24.0%	1.36%	-18.2%
FB	Sell	FACEBOOK INCcl a	$11,643,000	-28.1%	34,307	-26.4%	1.32%	-12.4%
DIS	Sell	DISNEY WALT CO	$11,301,000	-24.8%	66,800	-21.8%	1.29%	-8.2%
BXMT	Sell	BLACKSTONE MTG TR INC	$11,288,000	-15.3%	372,290	-10.9%	1.28%	+3.4%
ICSH	Sell	ISHARES TRblackrock ultra	$10,387,000	-18.9%	205,663	-18.9%	1.18%	-1.2%
NEE	Sell	NEXTERA ENERGY INC	$10,382,000	-7.4%	132,219	-13.6%	1.18%	+13.0%
GD	Sell	GENERAL DYNAMICS CORP	$10,194,000	-21.0%	52,000	-24.1%	1.16%	-3.7%
MDT	Sell	MEDTRONIC PLC	$9,943,000	-21.5%	79,320	-22.3%	1.13%	-4.3%
FCT	Sell	FIRST TR SR FLTG RATE INCOME	$9,853,000	-11.8%	804,947	-8.5%	1.12%	+7.7%
AVGO	Sell	BROADCOM INC	$9,671,000	-23.2%	19,943	-24.5%	1.10%	-6.4%
USIG	Sell	ISHARES TRusd inv grde etf	$9,532,000	-16.3%	158,597	-15.6%	1.08%	+2.1%
O	Sell	REALTY INCOME CORP	$9,002,000	-11.8%	138,795	-9.2%	1.02%	+7.7%
AEP	Sell	AMERICAN ELEC PWR CO INC	$8,034,000	-12.6%	98,962	-8.9%	0.92%	+6.6%
D	Sell	DOMINION ENERGY INC	$7,971,000	-12.7%	109,166	-12.1%	0.91%	+6.3%
IEMG	Sell	ISHARES INCcore msci emkt	$7,834,000	-41.0%	126,841	-36.0%	0.89%	-28.1%
SAM	New	BOSTON BEER INCcl a	$7,571,000	–	14,853	–	0.86%	–
CMP	Sell	COMPASS MINERALS INTL INC	$6,883,000	-0.8%	106,886	-8.7%	0.78%	+21.0%
IJR	Sell	ISHARES TRcore s&p scp etf	$6,875,000	-42.0%	62,960	-40.0%	0.78%	-29.2%
SWK	Sell	STANLEY BLACK & DECKER INC	$6,524,000	-20.8%	37,211	-7.4%	0.74%	-3.4%
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$6,300,000	-26.6%	291,124	-18.2%	0.72%	-10.5%
VRTX	New	VERTEX PHARMACEUTICALS INC	$6,290,000	–	34,674	–	0.72%	–
SO	Sell	SOUTHERN CO	$6,150,000	-13.9%	99,240	-15.9%	0.70%	+4.9%
SPLK	Sell	SPLUNK INC	$5,969,000	-30.1%	41,245	-30.1%	0.68%	-14.7%
MRK	Sell	MERCK & CO INC	$5,906,000	-31.4%	78,631	-29.0%	0.67%	-16.3%
BTZ	Sell	BLACKROCK CR ALLOCATION INCO	$5,813,000	-12.0%	383,720	-9.4%	0.66%	+7.5%
CNP	Buy	CENTERPOINT ENERGY INC	$5,810,000	+85.0%	236,190	+84.4%	0.66%	+125.6%
T	Sell	AT&T INC	$5,514,000	-20.4%	204,143	-15.2%	0.63%	-2.9%
SPG	Sell	SIMON PPTY GROUP INC NEW	$5,298,000	-12.4%	40,765	-12.0%	0.60%	+6.9%
BCE	Sell	BCE INC	$5,046,000	-16.3%	100,806	-17.5%	0.57%	+2.1%
MBUU	New	MALIBU BOATS INC	$4,703,000	–	67,210	–	0.54%	–
EVRG	Sell	EVERGY INC	$3,907,000	-5.2%	62,814	-7.9%	0.44%	+15.6%
PBA	Sell	PEMBINA PIPELINE CORP	$3,592,000	-10.2%	113,357	-9.9%	0.41%	+9.7%
KMI	Sell	KINDER MORGAN INC DEL	$3,496,000	-22.6%	208,952	-15.6%	0.40%	-5.5%
J	New	JACOBS ENGR GROUP INC	$3,285,000	–	24,785	–	0.37%	–
ATO	Sell	ATMOS ENERGY CORP	$3,011,000	-11.8%	34,139	-3.9%	0.34%	+7.5%
CWENA	Buy	CLEARWAY ENERGY INCcl a	$2,929,000	+41.9%	103,880	+26.9%	0.33%	+72.5%
MMP	Sell	MAGELLAN MIDSTREAM PRTNRS LP	$2,711,000	-18.0%	59,478	-12.1%	0.31%	0.0%
XEL	Sell	XCEL ENERGY INC	$2,550,000	-7.8%	40,798	-2.9%	0.29%	+12.4%
WY	Sell	WEYERHAEUSER CO MTN BE	$2,383,000	-7.5%	66,994	-10.5%	0.27%	+12.9%
JNJ	Sell	JOHNSON & JOHNSON	$1,809,000	-3.8%	11,202	-1.9%	0.21%	+17.0%
ORAN	Sell	ORANGEsponsored adr	$1,794,000	-10.9%	165,656	-5.9%	0.20%	+8.5%
GBDC	Sell	GOLUB CAP BDC INC	$1,796,000	-10.4%	113,584	-12.6%	0.20%	+9.1%
WELL	Sell	WELLTOWER INC	$1,647,000	-8.9%	19,991	-8.1%	0.19%	+10.7%
ES	Sell	EVERSOURCE ENERGY	$1,575,000	-0.4%	19,268	-2.2%	0.18%	+20.9%
INTC	Sell	INTEL CORP	$1,422,000	-40.8%	26,683	-37.6%	0.16%	-27.7%
KYN	Buy	KAYNE ANDERSON ENERGY INFRST	$1,402,000	-5.3%	175,225	+5.3%	0.16%	+15.9%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,191,000	-90.3%	20,120	-89.0%	0.14%	-88.1%
PFE	Sell	PFIZER INC	$1,152,000	-16.2%	26,786	-23.7%	0.13%	+2.3%
CI	Sell	CIGNA CORP NEW	$1,141,000	-17.0%	5,699	-1.7%	0.13%	+1.6%
LEMB	Sell	ISHARES INCjp morgan em etf	$1,135,000	-18.8%	26,790	-16.4%	0.13%	-0.8%
CEM	Sell	CLEARBRIDGE MLP AND MIDSTRM	$1,087,000	-10.3%	40,045	-3.4%	0.12%	+9.7%
BEP	New	BROOKFIELD RENEWABLE PARTNERpartnership unit	$1,032,000	–	27,955	–	0.12%	–
PEP	Sell	PEPSICO INC	$918,000	-1.7%	6,102	-3.2%	0.10%	+20.7%
VTR	Sell	VENTAS INC	$911,000	-9.0%	16,498	-5.9%	0.10%	+11.8%
UGI	Sell	UGI CORP NEW	$838,000	-23.6%	19,665	-17.0%	0.10%	-6.9%
ED	Sell	CONSOLIDATED EDISON INC	$732,000	-2.7%	10,086	-3.8%	0.08%	+18.6%
JFR	Sell	NUVEEN FLOATING RATE INCOME	$704,000	-15.2%	69,919	-15.6%	0.08%	+3.9%
CSX	Sell	CSX CORP	$680,000	-8.0%	22,869	-0.8%	0.08%	+11.6%
JPM	Sell	JPMORGAN CHASE & CO	$614,000	-6.1%	3,752	-10.7%	0.07%	+14.8%
XOM	Sell	EXXON MOBIL CORP	$598,000	-34.5%	10,162	-29.8%	0.07%	-20.0%
OKE	Sell	ONEOK INC NEW	$550,000	-19.7%	9,480	-23.0%	0.06%	-1.6%
PG	Sell	PROCTER AND GAMBLE CO	$534,000	-0.4%	3,820	-3.9%	0.06%	+22.0%
FISV	Sell	FISERV INC	$536,000	-6.1%	4,942	-7.5%	0.06%	+15.1%
WMT	Sell	WALMART INC	$501,000	-58.7%	3,597	-58.2%	0.06%	-49.6%
IEUR	Buy	ISHARES TRcore msci euro	$445,000	+93.5%	7,940	+97.7%	0.05%	+142.9%
PPL	Sell	PPL CORP	$442,000	-9.4%	15,846	-9.2%	0.05%	+8.7%
CVX	Sell	CHEVRON CORP NEW	$411,000	-35.9%	4,053	-33.8%	0.05%	-21.7%
ABT	Sell	ABBOTT LABS	$390,000	-9.1%	3,299	-10.8%	0.04%	+10.0%
BBN	Sell	BLACKROCK TAX MUNICPAL BD TR	$343,000	-4.5%	13,330	-4.3%	0.04%	+14.7%
LMT	Sell	LOCKHEED MARTIN CORP	$339,000	-20.4%	982	-12.9%	0.04%	-2.5%
SYK	Sell	STRYKER CORPORATION	$303,000	-13.4%	1,149	-14.8%	0.03%	+3.0%
AMGN	Sell	AMGEN INC	$288,000	-13.5%	1,356	-0.8%	0.03%	+6.5%
IGSB	Sell	ISHARES TR	$278,000	-27.4%	5,085	-27.2%	0.03%	-11.1%
HD	Sell	HOME DEPOT INC	$266,000	-8.0%	810	-10.5%	0.03%	+11.1%
NVDA	Buy	NVIDIA CORPORATION	$226,000	+8.7%	1,089	+318.8%	0.03%	+36.8%
K	Sell	KELLOGG CO	$231,000	-32.5%	3,607	-32.1%	0.03%	-18.8%
HON	Sell	HONEYWELL INTL INC	$228,000	-18.9%	1,074	-16.1%	0.03%	0.0%
ET	Sell	ENERGY TRANSFER L P	$222,000	-20.7%	23,185	-12.1%	0.02%	-3.8%
MKL	Sell	MARKEL CORP	$214,000	-11.6%	179	-12.3%	0.02%	+4.3%
DLR	Sell	DIGITAL RLTY TR INC	$206,000	-20.8%	1,427	-17.6%	0.02%	-4.2%
MIC	New	MACQUARIE INFRASTR HOLD LLC	$203,000	–	5,000	–	0.02%	–
SNDL	Exit	SUNDIAL GROWERS INC	$0	–	-15,000	–	-0.00%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-3,010	–	-0.02%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-4,450	–	-0.02%	–
CSCO	Exit	CISCO SYS INC	$0	–	-4,598	–	-0.02%	–
BOTZ	Exit	GLOBAL X FDSrbtcs artfl inte	$0	–	-7,400	–	-0.02%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-730	–	-0.02%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,386	–	-0.02%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-3,579	–	-0.02%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-5,797	–	-0.03%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-3,530	–	-0.03%	–
XBI	Exit	SPDR SER TRs&p biotech	$0	–	-82,554	–	-1.04%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-66,908	–	-1.42%	–

Q2 2021

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$82,007,000	–	302,719	–	7.65%	–
AAPL	New	APPLE INC	$71,628,000	–	522,985	–	6.69%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$57,590,000	–	207,219	–	5.38%	–
LOW	New	LOWES COS INC	$52,961,000	–	273,038	–	4.94%	–
GOOG	New	ALPHABET INCcap stk cl c	$45,286,000	–	18,068	–	4.23%	–
URI	New	UNITED RENTALS INC	$34,956,000	–	109,575	–	3.26%	–
AMAT	New	APPLIED MATLS INC	$31,675,000	–	222,434	–	2.96%	–
LEN	New	LENNAR CORPcl a	$30,642,000	–	308,427	–	2.86%	–
CVS	New	CVS HEALTH CORP	$28,397,000	–	340,323	–	2.65%	–
AMZN	New	AMAZON COM INC	$28,044,000	–	8,152	–	2.62%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$21,873,000	–	112,110	–	2.04%	–
WSM	New	WILLIAMS SONOMA INC	$21,376,000	–	133,891	–	2.00%	–
GOOGL	New	ALPHABET INCcap stk cl a	$20,701,000	–	8,478	–	1.93%	–
BLK	New	BLACKROCK INC	$19,877,000	–	22,717	–	1.86%	–
BX	New	BLACKSTONE GROUP INC	$18,299,000	–	188,377	–	1.71%	–
MMM	New	3M CO	$17,835,000	–	89,790	–	1.66%	–
AGG	New	ISHARES TRcore us aggbd et	$17,792,000	–	154,270	–	1.66%	–
NVS	New	NOVARTIS AGsponsored adr	$17,302,000	–	189,633	–	1.62%	–
FB	New	FACEBOOK INCcl a	$16,204,000	–	46,603	–	1.51%	–
V	New	VISA INC	$15,784,000	–	67,502	–	1.47%	–
JCI	New	JOHNSON CTLS INTL PLC	$15,383,000	–	224,145	–	1.44%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$15,173,000	–	66,908	–	1.42%	–
DIS	New	DISNEY WALT CO	$15,019,000	–	85,446	–	1.40%	–
BAC	New	BK OF AMERICA CORP	$14,939,000	–	362,341	–	1.39%	–
ARCC	New	ARES CAPITAL CORP	$14,704,000	–	750,599	–	1.37%	–
VZ	New	VERIZON COMMUNICATIONS INC	$14,332,000	–	255,789	–	1.34%	–
BXMT	New	BLACKSTONE MTG TR INC	$13,322,000	–	417,741	–	1.24%	–
IEMG	New	ISHARES INCcore msci emkt	$13,283,000	–	198,281	–	1.24%	–
GD	New	GENERAL DYNAMICS CORP	$12,906,000	–	68,554	–	1.20%	–
ICSH	New	ISHARES TRblackrock ultra	$12,813,000	–	253,614	–	1.20%	–
MDT	New	MEDTRONIC PLC	$12,674,000	–	102,100	–	1.18%	–
AVGO	New	BROADCOM INC	$12,597,000	–	26,416	–	1.18%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$12,228,000	–	182,992	–	1.14%	–
IJR	New	ISHARES TRcore s&p scp etf	$11,850,000	–	104,887	–	1.11%	–
USIG	New	ISHARES TRusd inv grde etf	$11,386,000	–	187,923	–	1.06%	–
NEE	New	NEXTERA ENERGY INC	$11,209,000	–	152,966	–	1.05%	–
XBI	New	SPDR SER TRs&p biotech	$11,178,000	–	82,554	–	1.04%	–
FCT	New	FIRST TR SR FLTG RATE INCOME	$11,169,000	–	879,446	–	1.04%	–
O	New	REALTY INCOME CORP	$10,204,000	–	152,889	–	0.95%	–
AEP	New	AMERICAN ELEC PWR CO INC	$9,194,000	–	108,683	–	0.86%	–
D	New	DOMINION ENERGY INC	$9,135,000	–	124,171	–	0.85%	–
MRK	New	MERCK & CO INC	$8,607,000	–	110,670	–	0.80%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$8,587,000	–	355,855	–	0.80%	–
SPLK	New	SPLUNK INC	$8,535,000	–	59,035	–	0.80%	–
SWK	New	STANLEY BLACK & DECKER INC	$8,239,000	–	40,192	–	0.77%	–
SO	New	SOUTHERN CO	$7,142,000	–	118,033	–	0.67%	–
CMP	New	COMPASS MINERALS INTL INC	$6,938,000	–	117,070	–	0.65%	–
T	New	AT&T INC	$6,929,000	–	240,751	–	0.65%	–
BTZ	New	BLACKROCK CR ALLOCATION INCO	$6,602,000	–	423,472	–	0.62%	–
SPG	New	SIMON PPTY GROUP INC NEW	$6,046,000	–	46,335	–	0.56%	–
BCE	New	BCE INC	$6,026,000	–	122,180	–	0.56%	–
KMI	New	KINDER MORGAN INC DEL	$4,514,000	–	247,640	–	0.42%	–
EVRG	New	EVERGY INC	$4,120,000	–	68,172	–	0.38%	–
PBA	New	PEMBINA PIPELINE CORP	$3,999,000	–	125,862	–	0.37%	–
ATO	New	ATMOS ENERGY CORP	$3,413,000	–	35,515	–	0.32%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$3,308,000	–	67,637	–	0.31%	–
CNP	New	CENTERPOINT ENERGY INC	$3,140,000	–	128,073	–	0.29%	–
XEL	New	XCEL ENERGY INC	$2,767,000	–	41,998	–	0.26%	–
WY	New	WEYERHAEUSER CO MTN BE	$2,576,000	–	74,833	–	0.24%	–
INTC	New	INTEL CORP	$2,400,000	–	42,750	–	0.22%	–
CWENA	New	CLEARWAY ENERGY INCcl a	$2,064,000	–	81,835	–	0.19%	–
ORAN	New	ORANGEsponsored adr	$2,013,000	–	175,957	–	0.19%	–
GBDC	New	GOLUB CAP BDC INC	$2,005,000	–	130,026	–	0.19%	–
DHR	New	DANAHER CORPORATION	$1,909,000	–	7,115	–	0.18%	–
JNJ	New	JOHNSON & JOHNSON	$1,881,000	–	11,415	–	0.18%	–
WELL	New	WELLTOWER INC	$1,807,000	–	21,749	–	0.17%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$1,674,000	–	4	–	0.16%	–
ES	New	EVERSOURCE ENERGY	$1,581,000	–	19,700	–	0.15%	–
KYN	New	KAYNE ANDERSON ENERGY INFRST	$1,480,000	–	166,425	–	0.14%	–
LEMB	New	ISHARES INCjp morgan em etf	$1,398,000	–	32,029	–	0.13%	–
CI	New	CIGNA CORP NEW	$1,374,000	–	5,796	–	0.13%	–
PFE	New	PFIZER INC	$1,375,000	–	35,111	–	0.13%	–
CEM	New	CLEARBRIDGE MLP AND MIDSTRM	$1,212,000	–	41,440	–	0.11%	–
WMT	New	WALMART INC	$1,212,000	–	8,597	–	0.11%	–
UGI	New	UGI CORP NEW	$1,097,000	–	23,680	–	0.10%	–
VTR	New	VENTAS INC	$1,001,000	–	17,537	–	0.09%	–
IPAC	New	ISHARES TRcore msci pac	$975,000	–	14,690	–	0.09%	–
ORLY	New	OREILLY AUTOMOTIVE INC	$956,000	–	1,688	–	0.09%	–
PEP	New	PEPSICO INC	$934,000	–	6,302	–	0.09%	–
NSC	New	NORFOLK SOUTHN CORP	$908,000	–	3,419	–	0.08%	–
XOM	New	EXXON MOBIL CORP	$913,000	–	14,467	–	0.08%	–
BK	New	BANK NEW YORK MELLON CORP	$876,000	–	17,108	–	0.08%	–
MMC	New	MARSH & MCLENNAN COS INC	$881,000	–	6,260	–	0.08%	–
JFR	New	NUVEEN FLOATING RATE INCOME	$830,000	–	82,862	–	0.08%	–
ED	New	CONSOLIDATED EDISON INC	$752,000	–	10,486	–	0.07%	–
CSX	New	CSX CORP	$739,000	–	23,049	–	0.07%	–
ORCL	New	ORACLE CORP	$692,000	–	8,885	–	0.06%	–
OKE	New	ONEOK INC NEW	$685,000	–	12,311	–	0.06%	–
JPM	New	JPMORGAN CHASE & CO	$654,000	–	4,202	–	0.06%	–
CVX	New	CHEVRON CORP NEW	$641,000	–	6,118	–	0.06%	–
ACN	New	ACCENTURE PLC IRELAND	$617,000	–	2,093	–	0.06%	–
FISV	New	FISERV INC	$571,000	–	5,342	–	0.05%	–
PG	New	PROCTER AND GAMBLE CO	$536,000	–	3,976	–	0.05%	–
IDXX	New	IDEXX LABS INC	$537,000	–	850	–	0.05%	–
PPL	New	PPL CORP	$488,000	–	17,461	–	0.05%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$497,000	–	2,502	–	0.05%	–
ABT	New	ABBOTT LABS	$429,000	–	3,699	–	0.04%	–
LMT	New	LOCKHEED MARTIN CORP	$426,000	–	1,127	–	0.04%	–
NKE	New	NIKE INCcl b	$413,000	–	2,674	–	0.04%	–
IGSB	New	ISHARES TR	$383,000	–	6,985	–	0.04%	–
PYPL	New	PAYPAL HLDGS INC	$388,000	–	1,330	–	0.04%	–
BBN	New	BLACKROCK TAX MUNICPAL BD TR	$359,000	–	13,930	–	0.03%	–
IVV	New	ISHARES TRcore s&p500 etf	$350,000	–	815	–	0.03%	–
SYK	New	STRYKER CORPORATION	$350,000	–	1,349	–	0.03%	–
DUK	New	DUKE ENERGY CORP NEW	$348,000	–	3,530	–	0.03%	–
K	New	KELLOGG CO	$342,000	–	5,310	–	0.03%	–
AMGN	New	AMGEN INC	$333,000	–	1,367	–	0.03%	–
KKR	New	KKR & CO INC	$326,000	–	5,500	–	0.03%	–
TFC	New	TRUIST FINL CORP	$322,000	–	5,797	–	0.03%	–
PNC	New	PNC FINL SVCS GROUP INC	$321,000	–	1,682	–	0.03%	–
DOW	New	DOW INC	$304,000	–	4,803	–	0.03%	–
HD	New	HOME DEPOT INC	$289,000	–	905	–	0.03%	–
NTCT	New	NETSCOUT SYS INC	$286,000	–	10,011	–	0.03%	–
TXN	New	TEXAS INSTRS INC	$285,000	–	1,483	–	0.03%	–
ET	New	ENERGY TRANSFER L P	$280,000	–	26,365	–	0.03%	–
ISRG	New	INTUITIVE SURGICAL INC	$276,000	–	300	–	0.03%	–
HON	New	HONEYWELL INTL INC	$281,000	–	1,280	–	0.03%	–
ABBV	New	ABBVIE INC	$269,000	–	2,386	–	0.02%	–
SCZ	New	ISHARES TReafe sml cp etf	$265,000	–	3,579	–	0.02%	–
MA	New	MASTERCARD INCORPORATEDcl a	$267,000	–	730	–	0.02%	–
DLR	New	DIGITAL RLTY TR INC	$260,000	–	1,731	–	0.02%	–
LLY	New	LILLY ELI & CO	$259,000	–	1,128	–	0.02%	–
FIVG	New	ETF SER SOLUTIONSdefiance next	$261,000	–	6,850	–	0.02%	–
BOTZ	New	GLOBAL X FDSrbtcs artfl inte	$259,000	–	7,400	–	0.02%	–
MO	New	ALTRIA GROUP INC	$250,000	–	5,236	–	0.02%	–
CSCO	New	CISCO SYS INC	$244,000	–	4,598	–	0.02%	–
MKL	New	MARKEL CORP	$242,000	–	204	–	0.02%	–
QCOM	New	QUALCOMM INC	$240,000	–	1,681	–	0.02%	–
PPG	New	PPG INDS INC	$238,000	–	1,400	–	0.02%	–
EMR	New	EMERSON ELEC CO	$234,000	–	2,428	–	0.02%	–
DD	New	DUPONT DE NEMOURS INC	$241,000	–	3,113	–	0.02%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$234,000	–	4,450	–	0.02%	–
YUM	New	YUM BRANDS INC	$235,000	–	2,040	–	0.02%	–
PM	New	PHILIP MORRIS INTL INC	$224,000	–	2,264	–	0.02%	–
COST	New	COSTCO WHSL CORP NEW	$224,000	–	565	–	0.02%	–
IEUR	New	ISHARES TRcore msci euro	$230,000	–	4,016	–	0.02%	–
IEFA	New	ISHARES TRcore msci eafe	$225,000	–	3,010	–	0.02%	–
FTV	New	FORTIVE CORP	$216,000	–	3,099	–	0.02%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$201,000	–	2,351	–	0.02%	–
NVDA	New	NVIDIA CORPORATION	$208,000	–	260	–	0.02%	–
PDT	New	HANCOCK JOHN PREM DIVID FD	$169,000	–	10,000	–	0.02%	–
SNDL	New	SUNDIAL GROWERS INC	$14,000	–	15,000	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
	Exit	TEVA PHARMACEUTICAL FIN LLCdbcv 0.250% 2/0	$0	–	-58,000	–	-0.01%	–
PDT	Exit	HANCOCK JOHN PREM DIVID FD	$0	–	-10,000	–	-0.02%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-30,645	–	-0.02%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-2,623	–	-0.02%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,298	–	-0.02%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-300	–	-0.03%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-1,449	–	-0.03%	–
DLR	Exit	DIGITAL RLTY TR INC	$0	–	-1,481	–	-0.03%	–
NTCT	Exit	NETSCOUT SYS INC	$0	–	-10,011	–	-0.03%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,836	–	-0.03%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-1,380	–	-0.03%	–
CSCO	Exit	CISCO SYS INC	$0	–	-5,673	–	-0.03%	–
FTV	Exit	FORTIVE CORP	$0	–	-3,049	–	-0.03%	–
DOW	Exit	DOW INC	$0	–	-5,261	–	-0.03%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-747	–	-0.03%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-4,425	–	-0.03%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-788	–	-0.03%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-1,349	–	-0.03%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-1,349	–	-0.04%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-759	–	-0.04%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-3,542	–	-0.04%	–
ECL	Exit	ECOLAB INC	$0	–	-1,581	–	-0.04%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-3,335	–	-0.04%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-8,417	–	-0.04%	–
OKE	Exit	ONEOK INC NEW	$0	–	-12,336	–	-0.04%	–
MKL	Exit	MARKEL CORP	$0	–	-340	–	-0.04%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-850	–	-0.04%	–
NKE	Exit	NIKE INCcl b	$0	–	-2,637	–	-0.04%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-2,463	–	-0.04%	–
AMGN	Exit	AMGEN INC	$0	–	-1,361	–	-0.04%	–
BBN	Exit	BLACKROCK TAX MUNICPAL BD TR	$0	–	-13,930	–	-0.04%	–
IGSB	Exit	ISHARES TR	$0	–	-6,985	–	-0.05%	–
ABT	Exit	ABBOTT LABS	$0	–	-3,673	–	-0.05%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-4,262	–	-0.05%	–
AZO	Exit	AUTOZONE INC	$0	–	-347	–	-0.05%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-5,864	–	-0.05%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,536	–	-0.05%	–
PPL	Exit	PPL CORP	$0	–	-17,461	–	-0.06%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-2,174	–	-0.06%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-4,534	–	-0.06%	–
ORCL	Exit	ORACLE CORP	$0	–	-8,999	–	-0.07%	–
FISV	Exit	FISERV INC	$0	–	-5,354	–	-0.07%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-4,012	–	-0.07%	–
BCE	Exit	BCE INC	$0	–	-14,202	–	-0.07%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-17,108	–	-0.07%	–
CSX	Exit	CSX CORP	$0	–	-7,683	–	-0.07%	–
JFR	Exit	NUVEEN FLOATING RATE INCOME	$0	–	-82,862	–	-0.08%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-20,659	–	-0.09%	–
VTR	Exit	VENTAS INC	$0	–	-17,537	–	-0.09%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-3,419	–	-0.09%	–
ORLY	Exit	OREILLY AUTOMOTIVE INC	$0	–	-1,675	–	-0.10%	–
UGI	Exit	UGI CORP NEW	$0	–	-24,220	–	-0.10%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-10,487	–	-0.10%	–
IPAC	Exit	ISHARES TRcore msci pac	$0	–	-14,690	–	-0.10%	–
PEP	Exit	PEPSICO INC	$0	–	-6,271	–	-0.11%	–
CI	Exit	CIGNA CORP NEW	$0	–	-6,209	–	-0.13%	–
WMT	Exit	WALMART INC	$0	–	-8,597	–	-0.15%	–
PFE	Exit	PFIZER INC	$0	–	-33,298	–	-0.15%	–
WELL	Exit	WELLTOWER INC	$0	–	-22,356	–	-0.15%	–
LEMB	Exit	ISHARES INCjp morgan em etf	$0	–	-34,182	–	-0.18%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-7,059	–	-0.19%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-5	–	-0.20%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-19,692	–	-0.20%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-12,129	–	-0.22%	–
GBDC	Exit	GOLUB CAP BDC INC	$0	–	-137,017	–	-0.22%	–
ORAN	Exit	ORANGEsponsored adr	$0	–	-179,657	–	-0.23%	–
WY	Exit	WEYERHAEUSER CO MTN BE	$0	–	-77,086	–	-0.27%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-69,913	–	-0.30%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-131,415	–	-0.32%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-125,863	–	-0.33%	–
RLJPRA	Exit	RLJ LODGING TRcum conv pfd a	$0	–	-125,278	–	-0.36%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-42,658	–	-0.36%	–
MRK	Exit	MERCK & CO. INC	$0	–	-35,866	–	-0.37%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-249,750	–	-0.38%	–
EQCPRD	Exit	EQUITY COMWLTHcum pfd s d 6.5%	$0	–	-111,712	–	-0.40%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-36,311	–	-0.43%	–
EVRG	Exit	EVERGY INC	$0	–	-68,416	–	-0.43%	–
BACPRL	Exit	BK OF AMERICA CORP7.25%cnv pfd l	$0	–	-2,462	–	-0.45%	–
INTC	Exit	INTEL CORP	$0	–	-89,252	–	-0.57%	–
WFCPRL	Exit	WELLS FARGO CO NEWperp pfd cnv a	$0	–	-3,614	–	-0.60%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-63,423	–	-0.61%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-328,614	–	-0.64%	–
T	Exit	AT&T INC	$0	–	-197,387	–	-0.70%	–
CMP	Exit	COMPASS MINERALS INTL INC	$0	–	-97,916	–	-0.72%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-142,398	–	-0.72%	–
BTZ	Exit	BLACKROCK CR ALLOCATION INCO	$0	–	-428,799	–	-0.75%	–
SO	Exit	SOUTHERN CO	$0	–	-119,568	–	-0.80%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-319,024	–	-0.95%	–
FCT	Exit	FIRST TR SR FLG RTE INCM FD	$0	–	-762,884	–	-1.04%	–
K	Exit	KELLOGG CO	$0	–	-131,416	–	-1.05%	–
BXMT	Exit	BLACKSTONE MTG TR INC	$0	–	-389,900	–	-1.06%	–
USIG	Exit	ISHARES TRusd inv grde etf	$0	–	-148,115	–	-1.11%	–
BX	Exit	BLACKSTONE GROUP INC	$0	–	-173,800	–	-1.12%	–
AEP	Exit	AMERICAN ELEC PWR CO INC	$0	–	-111,894	–	-1.13%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-66,496	–	-1.14%	–
O	Exit	REALTY INCOME CORP	$0	–	-153,549	–	-1.15%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-670,778	–	-1.16%	–
D	Exit	DOMINION ENERGY INC	$0	–	-121,061	–	-1.18%	–
AVGO	Exit	BROADCOM INC	$0	–	-26,705	–	-1.20%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-98,349	–	-1.26%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-38,839	–	-1.33%	–
DIS	Exit	DISNEY WALT CO	$0	–	-88,610	–	-1.36%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-42,085	–	-1.36%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-185,655	–	-1.38%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-134,809	–	-1.51%	–
BLK	Exit	BLACKROCK INC	$0	–	-21,874	–	-1.52%	–
ICSH	Exit	ISHARES TRultr sh trm bd	$0	–	-252,554	–	-1.58%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-8,754	–	-1.59%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-216,259	–	-1.59%	–
MMM	Exit	3M CO	$0	–	-83,655	–	-1.66%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-229,945	–	-1.69%	–
V	Exit	VISA INC	$0	–	-69,137	–	-1.71%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-126,641	–	-1.72%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-51,028	–	-1.86%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-189,039	–	-2.03%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-306,052	–	-2.21%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-114,894	–	-2.37%	–
URI	Exit	UNITED RENTALS INC	$0	–	-113,348	–	-2.45%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-175,680	–	-2.56%	–
AMZN	Exit	AMAZON COM INC	$0	–	-7,469	–	-2.91%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-303,585	–	-3.07%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-18,620	–	-3.38%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-205,551	–	-5.41%	–
LOW	Exit	LOWES COS INC	$0	–	-281,399	–	-5.77%	–
AAPL	Exit	APPLE INC	$0	–	-550,503	–	-7.88%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-316,185	–	-8.22%	–

Q3 2020

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$66,503,000	+2.9%	316,185	-0.5%	8.22%	-5.4%
AAPL	Buy	APPLE INC	$63,754,000	+23.8%	550,503	+290.0%	7.88%	+13.8%
LOW	Sell	LOWES COS INC	$46,673,000	+21.9%	281,399	-0.7%	5.77%	+12.1%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$43,770,000	+20.0%	205,551	+0.6%	5.41%	+10.3%
GOOG	Sell	ALPHABET INCcap stk cl c	$27,363,000	+2.2%	18,620	-1.7%	3.38%	-6.1%
LEN	Sell	LENNAR CORPcl a	$24,797,000	+31.2%	303,585	-1.0%	3.07%	+20.7%
AMZN	Sell	AMAZON COM INC	$23,518,000	+13.5%	7,469	-0.5%	2.91%	+4.4%
AGG	Buy	ISHARES TRcore us aggbd et	$20,740,000	+5.2%	175,680	+5.3%	2.56%	-3.3%
URI	Sell	UNITED RENTALS INC	$19,779,000	+15.2%	113,348	-1.6%	2.45%	+5.9%
CCI	Sell	CROWN CASTLE INTL CORP NEW	$19,130,000	-1.3%	114,894	-0.8%	2.37%	-9.2%
CVS	Buy	CVS HEALTH CORP	$17,873,000	-3.9%	306,052	+7.0%	2.21%	-11.6%
NVS	Sell	NOVARTIS AGsponsored adr	$16,439,000	-1.9%	189,039	-1.5%	2.03%	-9.8%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$15,001,000	+38.2%	51,028	+1.4%	1.86%	+27.1%
PNC	Sell	PNC FINL SVCS GROUP INC	$13,919,000	+2.8%	126,641	-1.6%	1.72%	-5.5%
V	Sell	VISA INC	$13,826,000	+1.0%	69,137	-2.5%	1.71%	-7.2%
VZ	Sell	VERIZON COMMUNICATIONS INC	$13,679,000	+6.8%	229,945	-1.0%	1.69%	-1.8%
MMM	Buy	3M CO	$13,400,000	+4.6%	83,655	+1.9%	1.66%	-3.8%
AMAT	Buy	APPLIED MATLS INC	$12,857,000	+1.0%	216,259	+2.7%	1.59%	-7.2%
GOOGL	Sell	ALPHABET INCcap stk cl a	$12,830,000	+2.5%	8,754	-0.8%	1.59%	-5.7%
ICSH	Sell	ISHARES TRultr sh trm bd	$12,772,000	-4.7%	252,554	-4.7%	1.58%	-12.3%
BLK	Sell	BLACKROCK INC	$12,327,000	+3.4%	21,874	-0.2%	1.52%	-4.9%
WSM	Buy	WILLIAMS SONOMA INC	$12,192,000	+13.4%	134,809	+2.8%	1.51%	+4.3%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$11,192,000	+2.9%	185,655	+0.4%	1.38%	-5.4%
FB	Buy	FACEBOOK INCcl a	$11,022,000	+15.4%	42,085	+0.1%	1.36%	+6.1%
DIS	Sell	DISNEY WALT CO	$10,995,000	+10.0%	88,610	-1.2%	1.36%	+1.1%
NEE	Buy	NEXTERA ENERGY INC	$10,780,000	+16.1%	38,839	+0.5%	1.33%	+6.7%
MDT	Buy	MEDTRONIC PLC	$10,220,000	+14.3%	98,349	+0.9%	1.26%	+5.2%
AVGO	Sell	BROADCOM INC	$9,729,000	+15.2%	26,705	-0.2%	1.20%	+5.9%
D	Sell	DOMINION ENERGY INC	$9,555,000	-4.0%	121,061	-1.2%	1.18%	-11.7%
ARCC	Sell	ARES CAPITAL CORP	$9,357,000	-7.9%	670,778	-4.6%	1.16%	-15.3%
O	Sell	REALTY INCOME CORP	$9,328,000	+1.4%	153,549	-0.6%	1.15%	-6.7%
GD	Buy	GENERAL DYNAMICS CORP	$9,205,000	-7.2%	66,496	+0.2%	1.14%	-14.7%
AEP	Sell	AMERICAN ELEC PWR CO INC	$9,145,000	+1.6%	111,894	-0.9%	1.13%	-6.5%
BX	Sell	BLACKSTONE GROUP INC	$9,072,000	-8.2%	173,800	-0.3%	1.12%	-15.6%
USIG	Buy	ISHARES TRusd inv grde etf	$9,002,000	+64.9%	148,115	+63.9%	1.11%	+51.6%
BXMT	Sell	BLACKSTONE MTG TR INC	$8,566,000	-12.0%	389,900	-3.5%	1.06%	-19.2%
K	Buy	KELLOGG CO	$8,488,000	+3.2%	131,416	+5.6%	1.05%	-5.1%
FCT	Sell	FIRST TR SR FLG RTE INCM FD	$8,368,000	-0.1%	762,884	-0.8%	1.04%	-8.2%
BAC	Sell	BK OF AMERICA CORP	$7,685,000	-1.0%	319,024	-2.4%	0.95%	-9.0%
SO	Sell	SOUTHERN CO	$6,483,000	+3.8%	119,568	-0.7%	0.80%	-4.5%
BTZ	Sell	BLACKROCK CR ALLOCATION INCO	$6,098,000	+6.9%	428,799	-0.8%	0.75%	-1.7%
CMP	Sell	COMPASS MINERALS INTL INC	$5,811,000	+21.3%	97,916	-0.4%	0.72%	+11.5%
JCI	Buy	JOHNSON CTLS INTL PLC	$5,817,000	+81.7%	142,398	+51.9%	0.72%	+66.8%
T	Buy	AT&T INC	$5,628,000	+6.7%	197,387	+13.1%	0.70%	-2.0%
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$5,189,000	-16.4%	328,614	-3.8%	0.64%	-23.1%
EMN	Sell	EASTMAN CHEM CO	$4,955,000	+9.7%	63,423	-2.2%	0.61%	+1.0%
WFCPRL	Buy	WELLS FARGO CO NEWperp pfd cnv a	$4,850,000	+9.5%	3,614	+5.8%	0.60%	+0.7%
INTC	Buy	INTEL CORP	$4,621,000	-9.9%	89,252	+4.2%	0.57%	-17.0%
BACPRL	Buy	BK OF AMERICA CORP7.25%cnv pfd l	$3,664,000	+10.9%	2,462	+0.0%	0.45%	+2.0%
EQCPRD	Sell	EQUITY COMWLTHcum pfd s d 6.5%	$3,245,000	+4.5%	111,712	-1.0%	0.40%	-4.1%
KMI	Sell	KINDER MORGAN INC DEL	$3,079,000	-18.9%	249,750	-0.2%	0.38%	-25.3%
MRK	New	MERCK & CO. INC	$2,975,000	–	35,866	–	0.37%	–
RLJPRA	Sell	RLJ LODGING TRcum conv pfd a	$2,873,000	+3.0%	125,278	-1.7%	0.36%	-5.3%
PBA	Buy	PEMBINA PIPELINE CORP	$2,672,000	-15.1%	125,863	+0.0%	0.33%	-22.0%
CNP	Sell	CENTERPOINT ENERGY INC	$2,543,000	+2.5%	131,415	-1.1%	0.32%	-5.7%
MMP	Sell	MAGELLAN MIDSTREAM PRTNRS LP	$2,391,000	-22.5%	69,913	-2.2%	0.30%	-28.7%
WY	Sell	WEYERHAEUSER CO MTN BE	$2,198,000	+26.9%	77,086	-0.0%	0.27%	+16.7%
ORAN	Sell	ORANGEsponsored adr	$1,865,000	-14.8%	179,657	-2.3%	0.23%	-21.4%
GBDC	Sell	GOLUB CAP BDC INC	$1,814,000	+9.2%	137,017	-3.9%	0.22%	+0.4%
JNJ	Sell	JOHNSON & JOHNSON	$1,806,000	+4.3%	12,129	-1.4%	0.22%	-4.3%
DHR	Buy	DANAHER CORPORATION	$1,520,000	+22.0%	7,059	+0.2%	0.19%	+11.9%
LEMB	Sell	ISHARES INCjp morgan em etf	$1,430,000	+1.3%	34,182	-1.3%	0.18%	-6.8%
WELL	Sell	WELLTOWER INC	$1,232,000	+5.6%	22,356	-0.9%	0.15%	-3.2%
PFE	Buy	PFIZER INC	$1,222,000	+184.2%	33,298	+153.0%	0.15%	+160.3%
PEP	Buy	PEPSICO INC	$869,000	+12.6%	6,271	+7.4%	0.11%	+2.9%
ED	New	CONSOLIDATED EDISON INC	$816,000	–	10,487	–	0.10%	–
UGI	Sell	UGI CORP NEW	$799,000	+0.4%	24,220	-3.3%	0.10%	-7.5%
NSC	Buy	NORFOLK SOUTHN CORP	$732,000	+23.0%	3,419	+0.9%	0.09%	+13.8%
VTR	Sell	VENTAS INC	$736,000	+12.5%	17,537	-1.8%	0.09%	+3.4%
XOM	Buy	EXXON MOBIL CORP	$709,000	-22.5%	20,659	+1.0%	0.09%	-28.5%
BCE	Sell	BCE INC	$589,000	-3.9%	14,202	-3.2%	0.07%	-11.0%
PG	Buy	PROCTER AND GAMBLE CO	$558,000	+30.4%	4,012	+12.2%	0.07%	+19.0%
ORCL	Buy	ORACLE CORP	$537,000	+8.0%	8,999	+0.0%	0.07%	-1.5%
MMC	Sell	MARSH & MCLENNAN COS INC	$520,000	+2.0%	4,534	-4.6%	0.06%	-7.2%
PPL	Sell	PPL CORP	$475,000	+2.2%	17,461	-3.1%	0.06%	-6.3%
HD	Buy	HOME DEPOT INC	$427,000	+23.4%	1,536	+11.1%	0.05%	+12.8%
CVX	Sell	CHEVRON CORP NEW	$422,000	-19.8%	5,864	-0.5%	0.05%	-26.8%
JPM	Sell	JPMORGAN CHASE & CO	$410,000	+0.7%	4,262	-1.6%	0.05%	-7.3%
ABT	Buy	ABBOTT LABS	$400,000	+50.4%	3,673	+26.4%	0.05%	+36.1%
NKE	Buy	NIKE INCcl b	$331,000	+47.1%	2,637	+15.1%	0.04%	+36.7%
LMT	Sell	LOCKHEED MARTIN CORP	$291,000	+2.1%	759	-2.7%	0.04%	-5.3%
PYPL	Buy	PAYPAL HLDGS INC	$266,000	+14.7%	1,349	+1.4%	0.03%	+6.5%
IVV	Buy	ISHARES TRcore s&p500 etf	$265,000	+21.0%	788	+11.6%	0.03%	+13.8%
SCZ	Sell	ISHARES TReafe sml cp etf	$261,000	-10.0%	4,425	-18.3%	0.03%	-17.9%
MA	Buy	MASTERCARD INCORPORATEDcl a	$253,000	+17.1%	747	+2.3%	0.03%	+6.9%
DOW	New	DOW INC	$248,000	–	5,261	–	0.03%	–
FTV	Sell	FORTIVE CORP	$232,000	+8.9%	3,049	-3.2%	0.03%	0.0%
HON	New	HONEYWELL INTL INC	$227,000	–	1,380	–	0.03%	–
CSCO	Sell	CISCO SYS INC	$223,000	-16.8%	5,673	-1.2%	0.03%	-22.2%
MO	New	ALTRIA GROUP INC	$226,000	–	5,836	–	0.03%	–
TXN	New	TEXAS INSTRS INC	$207,000	–	1,449	–	0.03%	–
ISRG	New	INTUITIVE SURGICAL INC	$213,000	–	300	–	0.03%	–
ABBV	New	ABBVIE INC	$201,000	–	2,298	–	0.02%	–
CL	New	COLGATE PALMOLIVE CO	$202,000	–	2,623	–	0.02%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-4,874	–	-0.03%	–
CNPPRB	Exit	CENTERPOINT ENERGY INCdep rp pfd cv b	$0	–	-31,065	–	-0.15%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$64,646,000	–	317,654	–	8.70%	–
AAPL	New	APPLE INC	$51,493,000	–	141,155	–	6.93%	–
LOW	New	LOWES COS INC	$38,277,000	–	283,282	–	5.15%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$36,489,000	–	204,406	–	4.91%	–
GOOG	New	ALPHABET INCcap stk cl c	$26,786,000	–	18,948	–	3.60%	–
AMZN	New	AMAZON COM INC	$20,716,000	–	7,509	–	2.79%	–
AGG	New	ISHARES TRcore us aggbd et	$19,718,000	–	166,808	–	2.65%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$19,378,000	–	115,792	–	2.61%	–
LEN	New	LENNAR CORPcl a	$18,902,000	–	306,744	–	2.54%	–
CVS	New	CVS HEALTH CORP	$18,591,000	–	286,152	–	2.50%	–
URI	New	UNITED RENTALS INC	$17,166,000	–	115,180	–	2.31%	–
NVS	New	NOVARTIS AGsponsored adr	$16,764,000	–	191,936	–	2.26%	–
V	New	VISA INC	$13,692,000	–	70,880	–	1.84%	–
PNC	New	PNC FINL SVCS GROUP INC	$13,544,000	–	128,730	–	1.82%	–
ICSH	New	ISHARES TRultr sh trm bd	$13,395,000	–	264,937	–	1.80%	–
MMM	New	3M CO	$12,811,000	–	82,125	–	1.72%	–
VZ	New	VERIZON COMMUNICATIONS INC	$12,809,000	–	232,350	–	1.72%	–
AMAT	New	APPLIED MATLS INC	$12,733,000	–	210,635	–	1.71%	–
GOOGL	New	ALPHABET INCcap stk cl a	$12,513,000	–	8,824	–	1.68%	–
BLK	New	BLACKROCK INC	$11,920,000	–	21,908	–	1.60%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$10,876,000	–	184,965	–	1.46%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$10,857,000	–	50,333	–	1.46%	–
WSM	New	WILLIAMS SONOMA INC	$10,750,000	–	131,079	–	1.45%	–
ARCC	New	ARES CAPITAL CORP	$10,157,000	–	702,884	–	1.37%	–
DIS	New	DISNEY WALT CO	$9,999,000	–	89,666	–	1.34%	–
D	New	DOMINION ENERGY INC	$9,949,000	–	122,554	–	1.34%	–
GD	New	GENERAL DYNAMICS CORP	$9,919,000	–	66,373	–	1.33%	–
BX	New	BLACKSTONE GROUP INC	$9,878,000	–	174,332	–	1.33%	–
BXMT	New	BLACKSTONE MTG TR INC	$9,737,000	–	404,202	–	1.31%	–
FB	New	FACEBOOK INCcl a	$9,551,000	–	42,062	–	1.28%	–
NEE	New	NEXTERA ENERGY INC	$9,283,000	–	38,652	–	1.25%	–
O	New	REALTY INCOME CORP	$9,195,000	–	154,533	–	1.24%	–
AEP	New	AMERICAN ELEC PWR CO INC	$8,997,000	–	112,966	–	1.21%	–
MDT	New	MEDTRONIC PLC	$8,940,000	–	97,487	–	1.20%	–
AVGO	New	BROADCOM INC	$8,446,000	–	26,761	–	1.14%	–
FCT	New	FIRST TR SR FLG RTE INCM FD	$8,377,000	–	769,330	–	1.13%	–
K	New	KELLOGG CO	$8,221,000	–	124,451	–	1.11%	–
BAC	New	BK OF AMERICA CORP	$7,764,000	–	326,923	–	1.04%	–
SO	New	SOUTHERN CO	$6,244,000	–	120,418	–	0.84%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$6,208,000	–	341,674	–	0.84%	–
BTZ	New	BLACKROCK CR ALLOCATION INCO	$5,704,000	–	432,092	–	0.77%	–
USIG	New	ISHARES TRusd inv grde etf	$5,460,000	–	90,365	–	0.73%	–
T	New	AT&T INC	$5,276,000	–	174,538	–	0.71%	–
INTC	New	INTEL CORP	$5,126,000	–	85,682	–	0.69%	–
CMP	New	COMPASS MINERALS INTL INC	$4,792,000	–	98,291	–	0.64%	–
EMN	New	EASTMAN CHEM CO	$4,516,000	–	64,853	–	0.61%	–
WFCPRL	New	WELLS FARGO CO NEWperp pfd cnv a	$4,429,000	–	3,415	–	0.60%	–
EVRG	New	EVERGY INC	$4,056,000	–	68,416	–	0.55%	–
KMI	New	KINDER MORGAN INC DEL	$3,795,000	–	250,159	–	0.51%	–
ATO	New	ATMOS ENERGY CORP	$3,616,000	–	36,311	–	0.49%	–
BACPRL	New	BK OF AMERICA CORP7.25%cnv pfd l	$3,304,000	–	2,461	–	0.44%	–
JCI	New	JOHNSON CTLS INTL PLC	$3,201,000	–	93,773	–	0.43%	–
PBA	New	PEMBINA PIPELINE CORP	$3,147,000	–	125,862	–	0.42%	–
EQCPRD	New	EQUITY COMWLTHcum pfd s d 6.5%	$3,105,000	–	112,892	–	0.42%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$3,085,000	–	71,469	–	0.42%	–
RLJPRA	New	RLJ LODGING TRcum conv pfd a	$2,790,000	–	127,478	–	0.38%	–
XEL	New	XCEL ENERGY INC	$2,666,000	–	42,658	–	0.36%	–
CNP	New	CENTERPOINT ENERGY INC	$2,480,000	–	132,831	–	0.33%	–
ORAN	New	ORANGEsponsored adr	$2,188,000	–	183,857	–	0.29%	–
JNJ	New	JOHNSON & JOHNSON	$1,731,000	–	12,307	–	0.23%	–
WY	New	WEYERHAEUSER CO MTN BE	$1,732,000	–	77,094	–	0.23%	–
GBDC	New	GOLUB CAP BDC INC	$1,661,000	–	142,533	–	0.22%	–
ES	New	EVERSOURCE ENERGY	$1,640,000	–	19,692	–	0.22%	–
LEMB	New	ISHARES INCjp morgan em etf	$1,412,000	–	34,628	–	0.19%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$1,337,000	–	5	–	0.18%	–
DHR	New	DANAHER CORPORATION	$1,246,000	–	7,046	–	0.17%	–
CI	New	CIGNA CORP NEW	$1,165,000	–	6,209	–	0.16%	–
WELL	New	WELLTOWER INC	$1,167,000	–	22,556	–	0.16%	–
CNPPRB	New	CENTERPOINT ENERGY INCdep rp pfd cv b	$1,105,000	–	31,065	–	0.15%	–
WMT	New	WALMART INC	$1,030,000	–	8,597	–	0.14%	–
XOM	New	EXXON MOBIL CORP	$915,000	–	20,457	–	0.12%	–
UGI	New	UGI CORP NEW	$796,000	–	25,037	–	0.11%	–
PEP	New	PEPSICO INC	$772,000	–	5,838	–	0.10%	–
IPAC	New	ISHARES TRcore msci pac	$774,000	–	14,690	–	0.10%	–
ORLY	New	OREILLY AUTOMOTIVE INC	$706,000	–	1,675	–	0.10%	–
BK	New	BANK NEW YORK MELLON CORP	$661,000	–	17,108	–	0.09%	–
JFR	New	NUVEEN FLOATING RATE INCOME	$655,000	–	82,862	–	0.09%	–
VTR	New	VENTAS INC	$654,000	–	17,862	–	0.09%	–
BCE	New	BCE INC	$613,000	–	14,677	–	0.08%	–
NSC	New	NORFOLK SOUTHERN CORP	$595,000	–	3,387	–	0.08%	–
CSX	New	CSX CORP	$536,000	–	7,683	–	0.07%	–
CVX	New	CHEVRON CORP NEW	$526,000	–	5,891	–	0.07%	–
FISV	New	FISERV INC	$523,000	–	5,354	–	0.07%	–
MMC	New	MARSH & MCLENNAN COS INC	$510,000	–	4,754	–	0.07%	–
ORCL	New	ORACLE CORP	$497,000	–	8,998	–	0.07%	–
ACN	New	ACCENTURE PLC IRELAND	$467,000	–	2,174	–	0.06%	–
PPL	New	PPL CORP	$465,000	–	18,011	–	0.06%	–
PFE	New	PFIZER INC	$430,000	–	13,163	–	0.06%	–
PG	New	PROCTER AND GAMBLE CO	$428,000	–	3,577	–	0.06%	–
OKE	New	ONEOK INC NEW	$410,000	–	12,336	–	0.06%	–
JPM	New	JPMORGAN CHASE & CO	$407,000	–	4,331	–	0.06%	–
AZO	New	AUTOZONE INC	$391,000	–	347	–	0.05%	–
IGSB	New	ISHARES TRsh tr crport etf	$382,000	–	6,985	–	0.05%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$367,000	–	2,463	–	0.05%	–
BBN	New	BLACKROCK TAX MUNICPAL BD TR	$347,000	–	13,930	–	0.05%	–
HD	New	HOME DEPOT INC	$346,000	–	1,383	–	0.05%	–
AMGN	New	AMGEN INC	$321,000	–	1,361	–	0.04%	–
TFC	New	TRUIST FINL CORP	$316,000	–	8,417	–	0.04%	–
ECL	New	ECOLAB INC	$315,000	–	1,581	–	0.04%	–
MKL	New	MARKEL CORP	$314,000	–	340	–	0.04%	–
WEC	New	WEC ENERGY GROUP INC	$292,000	–	3,335	–	0.04%	–
SCZ	New	ISHARES TReafe sml cp etf	$290,000	–	5,414	–	0.04%	–
LMT	New	LOCKHEED MARTIN CORP	$285,000	–	780	–	0.04%	–
DUK	New	DUKE ENERGY CORP NEW	$283,000	–	3,542	–	0.04%	–
IDXX	New	IDEXX LABS INC	$281,000	–	850	–	0.04%	–
ABT	New	ABBOTT LABS	$266,000	–	2,906	–	0.04%	–
CSCO	New	CISCO SYS INC	$268,000	–	5,742	–	0.04%	–
NTCT	New	NETSCOUT SYS INC	$256,000	–	10,011	–	0.03%	–
SYK	New	STRYKER CORPORATION	$243,000	–	1,349	–	0.03%	–
PYPL	New	PAYPAL HLDGS INC	$232,000	–	1,330	–	0.03%	–
NKE	New	NIKE INCcl b	$225,000	–	2,291	–	0.03%	–
IVV	New	ISHARES TRcore s&p500 etf	$219,000	–	706	–	0.03%	–
MA	New	MASTERCARD INCORPORATEDcl a	$216,000	–	730	–	0.03%	–
ET	New	ENERGY TRANSFER LP	$218,000	–	30,645	–	0.03%	–
FTV	New	FORTIVE CORP	$213,000	–	3,149	–	0.03%	–
DLR	New	DIGITAL RLTY TR INC	$210,000	–	1,481	–	0.03%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$207,000	–	4,874	–	0.03%	–
PDT	New	HANCOCK JOHN PREM DIVID FD	$133,000	–	10,000	–	0.02%	–
	New	TEVA PHARMACEUTICAL FIN LLCdbcv 0.250% 2/0	$57,000	–	58,000	–	0.01%	–

Q4 2019

			Value		Shares		↓ Weighting
	Exit	TEVA PHARMACEUTICAL FIN LLCdbcv 0.250% 2/0	$0	–	-58,000	–	-0.01%	–
PDT	Exit	HANCOCK JOHN PREMUIM DIV FD	$0	–	-10,000	–	-0.02%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-3,554	–	-0.02%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-706	–	-0.03%	–
FTV	Exit	FORTIVE CORP	$0	–	-3,149	–	-0.03%	–
NKE	Exit	NIKE INCcl b	$0	–	-2,291	–	-0.03%	–
WPC	Exit	W P CAREY INC	$0	–	-2,638	–	-0.03%	–
NTCT	Exit	NETSCOUT SYS INC	$0	–	-10,011	–	-0.03%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-1,373	–	-0.03%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-850	–	-0.03%	–
OGS	Exit	ONE GAS INC	$0	–	-2,500	–	-0.03%	–
ABT	Exit	ABBOTT LABS	$0	–	-2,886	–	-0.03%	–
UBSI	Exit	UNITED BANKSHARES INC WEST V	$0	–	-6,511	–	-0.03%	–
YUM	Exit	YUM BRANDS INC	$0	–	-2,240	–	-0.03%	–
AMGN	Exit	AMGEN INC	$0	–	-1,350	–	-0.03%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-4,874	–	-0.03%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-714	–	-0.03%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-2,048	–	-0.04%	–
SYK	Exit	STRYKER CORP	$0	–	-1,349	–	-0.04%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-13,890	–	-0.04%	–
CSCO	Exit	CISCO SYS INC	$0	–	-5,850	–	-0.04%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-3,244	–	-0.04%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-3,140	–	-0.04%	–
ECL	Exit	ECOLAB INC	$0	–	-1,581	–	-0.04%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-3,335	–	-0.04%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,434	–	-0.04%	–
BBT	Exit	BB&T CORP	$0	–	-6,858	–	-0.04%	–
IGSB	Exit	ISHARES TRsh tr crport etf	$0	–	-6,985	–	-0.05%	–
AZO	Exit	AUTOZONE INC	$0	–	-347	–	-0.05%	–
BBN	Exit	BLACKROCK TAX MUNICPAL BD TR	$0	–	-16,430	–	-0.05%	–
MKL	Exit	MARKEL CORP	$0	–	-340	–	-0.05%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-2,174	–	-0.05%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-3,577	–	-0.06%	–
PFE	Exit	PFIZER INC	$0	–	-13,163	–	-0.06%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-3,043	–	-0.06%	–
ORCL	Exit	ORACLE CORP	$0	–	-8,998	–	-0.06%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-37,720	–	-0.06%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-4,335	–	-0.06%	–
CSX	Exit	CSX CORP	$0	–	-7,683	–	-0.07%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-3,387	–	-0.08%	–
PPL	Exit	PPL CORP	$0	–	-19,359	–	-0.08%	–
BCE	Exit	BCE INC	$0	–	-13,906	–	-0.08%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-5,665	–	-0.08%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-1,675	–	-0.08%	–
FISV	Exit	FISERV INC	$0	–	-7,008	–	-0.09%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-20,460	–	-0.10%	–
JFR	Exit	NUVEEN FLOATING RATE INCOME	$0	–	-85,312	–	-0.10%	–
IPAC	Exit	ISHARES TRcore msci pac	$0	–	-14,690	–	-0.10%	–
AMZN	Exit	AMAZON COM INC	$0	–	-482	–	-0.10%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-19,108	–	-0.11%	–
OKE	Exit	ONEOK INC NEW	$0	–	-12,736	–	-0.12%	–
PEP	Exit	PEPSICO INC	$0	–	-7,047	–	-0.12%	–
CI	Exit	CIGNA CORP NEW	$0	–	-6,566	–	-0.12%	–
WMT	Exit	WALMART INC	$0	–	-8,597	–	-0.13%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-7,099	–	-0.13%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-22,170	–	-0.13%	–
INTC	Exit	INTEL CORP	$0	–	-22,302	–	-0.14%	–
VTR	Exit	VENTAS INC	$0	–	-18,862	–	-0.17%	–
UGI	Exit	UGI CORP NEW	$0	–	-27,844	–	-0.17%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-21,413	–	-0.19%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-5	–	-0.19%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-12,491	–	-0.20%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-20,105	–	-0.21%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-83,679	–	-0.29%	–
WELL	Exit	WELLTOWER INC	$0	–	-26,228	–	-0.29%	–
GBDC	Exit	GOLUB CAP BDC INC	$0	–	-130,654	–	-0.30%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-43,046	–	-0.34%	–
ORAN	Exit	ORANGEsponsored adr	$0	–	-196,860	–	-0.38%	–
LEMB	Exit	ISHARES INCjp morgan em etf	$0	–	-73,543	–	-0.40%	–
EQCPRD	Exit	EQUITY COMWLTHcum pfd s d 6.5%	$0	–	-120,484	–	-0.42%	–
AMG	Exit	AFFILIATED MANAGERS GROUP IN	$0	–	-41,646	–	-0.43%	–
RLJPRA	Exit	RLJ LODGING TRcum conv pfd a	$0	–	-137,997	–	-0.46%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-36,921	–	-0.52%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-64,625	–	-0.53%	–
T	Exit	AT&T INC	$0	–	-117,087	–	-0.55%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-149,219	–	-0.56%	–
EVRG	Exit	EVERGY INC	$0	–	-73,057	–	-0.60%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-134,149	–	-0.62%	–
CMP	Exit	COMPASS MINERALS INTL INC	$0	–	-88,473	–	-0.62%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-263,148	–	-0.67%	–
WFCPRL	Exit	WELLS FARGO CO NEWperp pfd cnv a	$0	–	-3,596	–	-0.68%	–
KRE	Exit	SPDR SERIES TRUSTs&p regl bkg	$0	–	-109,987	–	-0.72%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-34,377	–	-0.76%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	-85,287	–	-0.78%	–
AVGO	Exit	BROADCOM INC	$0	–	-22,813	–	-0.78%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-39,825	–	-0.82%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-43,803	–	-0.84%	–
SO	Exit	SOUTHERN CO	$0	–	-124,297	–	-0.95%	–
BTZ	Exit	BLACKROCK CR ALLCTN INC TR	$0	–	-595,603	–	-1.00%	–
BX	Exit	BLACKSTONE GROUP INC	$0	–	-174,064	–	-1.05%	–
BAC	Exit	BANK AMER CORP	$0	–	-292,024	–	-1.05%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-171,472	–	-1.06%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-169,505	–	-1.06%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-107,502	–	-1.09%	–
FCT	Exit	FIRST TR SR FLG RTE INCM FD	$0	–	-769,889	–	-1.14%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-332,868	–	-1.18%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-88,154	–	-1.18%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-141,315	–	-1.19%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-41,760	–	-1.20%	–
D	Exit	DOMINION ENERGY INC	$0	–	-120,447	–	-1.21%	–
BLK	Exit	BLACKROCK INC	$0	–	-21,960	–	-1.21%	–
ICSH	Exit	ISHARES TRultr sh trm bd	$0	–	-216,537	–	-1.35%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-8,956	–	-1.35%	–
AEP	Exit	AMERICAN ELEC PWR CO INC	$0	–	-117,680	–	-1.36%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-61,395	–	-1.39%	–
DIS	Exit	DISNEY WALT CO	$0	–	-89,425	–	-1.44%	–
V	Exit	VISA INC	$0	–	-70,035	–	-1.49%	–
MMM	Exit	3M CO	$0	–	-74,923	–	-1.52%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-6,331	–	-1.54%	–
O	Exit	REALTY INCOME CORP	$0	–	-164,203	–	-1.56%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-226,145	–	-1.61%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-145,670	–	-1.64%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-221,857	–	-1.66%	–
ARCC	Exit	ARES CAP CORP	$0	–	-725,731	–	-1.67%	–
ENB	Exit	ENBRIDGE INC	$0	–	-386,946	–	-1.68%	–
URI	Exit	UNITED RENTALS INC	$0	–	-117,523	–	-1.81%	–
BXMT	Exit	BLACKSTONE MTG TR INC	$0	–	-413,009	–	-1.83%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-248,303	–	-1.94%	–
GM	Exit	GENERAL MTRS CO	$0	–	-435,895	–	-2.02%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-193,080	–	-2.07%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-148,878	–	-2.08%	–
BA	Exit	BOEING CO	$0	–	-44,385	–	-2.09%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-122,416	–	-2.10%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-305,020	–	-2.10%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-131,771	–	-2.28%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-337,274	–	-2.38%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-19,295	–	-2.91%	–
LOW	Exit	LOWES COS INC	$0	–	-288,918	–	-3.93%	–
AAPL	Exit	APPLE INC	$0	–	-176,486	–	-4.88%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-197,588	–	-5.08%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-337,138	–	-5.79%	–

Q3 2019

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$46,872,000	+3.2%	337,138	-0.5%	5.79%	+1.0%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$41,102,000	-11.9%	197,588	-9.7%	5.08%	-13.8%
AAPL	Sell	APPLE INC	$39,528,000	+3.2%	176,486	-8.8%	4.88%	+1.0%
LOW	Sell	LOWES COS INC	$31,769,000	+7.3%	288,918	-1.6%	3.93%	+5.0%
GOOG	Sell	ALPHABET INCcap stk cl c	$23,521,000	+9.2%	19,295	-3.2%	2.91%	+6.9%
SCZ	Buy	ISHARES TReafe sml cp etf	$19,302,000	+4.0%	337,274	+4.3%	2.38%	+1.8%
PNC	Sell	PNC FINL SVCS GROUP INC	$18,469,000	-4.8%	131,771	-6.7%	2.28%	-6.8%
LEN	Buy	LENNAR CORPcl a	$17,035,000	+17.2%	305,020	+1.7%	2.10%	+14.7%
CCI	Sell	CROWN CASTLE INTL CORP NEW	$17,017,000	+4.9%	122,416	-1.7%	2.10%	+2.6%
BA	Sell	BOEING CO	$16,887,000	-0.2%	44,385	-4.5%	2.09%	-2.2%
AGG	Buy	ISHARES TRcore us aggbd et	$16,848,000	+3.3%	148,878	+1.7%	2.08%	+1.2%
NVS	Sell	NOVARTIS A Gsponsored adr	$16,779,000	-8.8%	193,080	-4.1%	2.07%	-10.7%
GM	Sell	GENERAL MTRS CO	$16,337,000	-3.2%	435,895	-0.5%	2.02%	-5.3%
CVS	Buy	CVS HEALTH CORP	$15,660,000	+25.4%	248,303	+8.3%	1.94%	+22.8%
BXMT	Buy	BLACKSTONE MTG TR INC	$14,806,000	+2.9%	413,009	+2.1%	1.83%	+0.7%
URI	Buy	UNITED RENTALS INC	$14,648,000	-5.4%	117,523	+0.7%	1.81%	-7.4%
ENB	Buy	ENBRIDGE INC	$13,574,000	-2.4%	386,946	+0.3%	1.68%	-4.5%
ARCC	Buy	ARES CAP CORP	$13,524,000	+3.9%	725,731	+0.0%	1.67%	+1.7%
VZ	Sell	VERIZON COMMUNICATIONS INC	$13,391,000	+4.0%	221,857	-1.6%	1.66%	+1.8%
COF	Sell	CAPITAL ONE FINL CORP	$13,253,000	-1.1%	145,670	-1.4%	1.64%	-3.2%
DAL	Buy	DELTA AIR LINES INC DEL	$13,026,000	+1.8%	226,145	+0.3%	1.61%	-0.4%
O	Sell	REALTY INCOME CORP	$12,591,000	+10.8%	164,203	-0.4%	1.56%	+8.4%
BKNG	Buy	BOOKING HLDGS INC	$12,425,000	+8.5%	6,331	+3.7%	1.54%	+6.2%
MMM	Sell	3M CO	$12,317,000	-8.6%	74,923	-3.6%	1.52%	-10.5%
V	Sell	VISA INC	$12,047,000	-2.3%	70,035	-1.5%	1.49%	-4.4%
DIS	Sell	DISNEY WALT CO	$11,654,000	-7.2%	89,425	-0.5%	1.44%	-9.1%
GD	Sell	GENERAL DYNAMICS CORP	$11,219,000	-5.4%	61,395	-5.9%	1.39%	-7.5%
AEP	Sell	AMERICAN ELEC PWR CO INC	$11,025,000	+5.4%	117,680	-1.0%	1.36%	+3.2%
GOOGL	Sell	ALPHABET INCcap stk cl a	$10,937,000	-0.2%	8,956	-11.6%	1.35%	-2.3%
ICSH	Buy	ISHARES TRultr sh trm bd	$10,911,000	+1.4%	216,537	+1.4%	1.35%	-0.7%
BLK	Sell	BLACKROCK INC	$9,787,000	-5.1%	21,960	-0.0%	1.21%	-7.1%
D	Buy	DOMINION ENERGY INC	$9,761,000	+82.6%	120,447	+74.2%	1.21%	+78.7%
NEE	Sell	NEXTERA ENERGY INC	$9,730,000	+11.5%	41,760	-2.0%	1.20%	+9.1%
WSM	Buy	WILLIAMS SONOMA INC	$9,607,000	+5.3%	141,315	+0.7%	1.19%	+3.0%
MDT	Buy	MEDTRONIC PLC	$9,575,000	+11.9%	88,154	+0.3%	1.18%	+9.5%
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$9,513,000	-1.4%	332,868	-0.4%	1.18%	-3.4%
FCT	Buy	FIRST TR SR FLG RTE INCM FD	$9,238,000	+1.3%	769,889	+1.7%	1.14%	-0.8%
LAMR	Sell	LAMAR ADVERTISING CO NEWcl a	$8,808,000	+0.6%	107,502	-0.9%	1.09%	-1.5%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$8,596,000	+12.1%	169,505	+0.2%	1.06%	+9.7%
AMAT	Buy	APPLIED MATLS INC	$8,556,000	+14.8%	171,472	+3.3%	1.06%	+12.3%
BAC	Buy	BANK AMER CORP	$8,518,000	+15.3%	292,024	+14.7%	1.05%	+13.0%
BX	New	BLACKSTONE GROUP INC	$8,501,000	–	174,064	–	1.05%	–
BTZ	Sell	BLACKROCK CR ALLCTN INC TR	$8,112,000	+4.2%	595,603	-0.7%	1.00%	+2.0%
SO	Buy	SOUTHERN CO	$7,678,000	+12.0%	124,297	+0.2%	0.95%	+9.7%
SPG	New	SIMON PPTY GROUP INC NEW	$6,818,000	–	43,803	–	0.84%	–
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$6,660,000	+15.4%	39,825	+16.9%	0.82%	+12.9%
AVGO	Buy	BROADCOM INC	$6,298,000	+2.9%	22,813	+7.3%	0.78%	+0.6%
EMN	Buy	EASTMAN CHEMICAL CO	$6,297,000	-3.6%	85,287	+1.6%	0.78%	-5.7%
FB	Sell	FACEBOOK INCcl a	$6,122,000	-9.5%	34,377	-1.9%	0.76%	-11.4%
KRE	Sell	SPDR SERIES TRUSTs&p regl bkg	$5,806,000	-8.3%	109,987	-7.2%	0.72%	-10.3%
WFCPRL	Sell	WELLS FARGO CO NEWperp pfd cnv a	$5,475,000	+9.2%	3,596	-2.2%	0.68%	+7.0%
KMI	Sell	KINDER MORGAN INC DEL	$5,423,000	-1.9%	263,148	-0.6%	0.67%	-4.0%
CMP	Buy	COMPASS MINERALS INTL INC	$4,998,000	+15.9%	88,473	+12.7%	0.62%	+13.6%
PBA	Sell	PEMBINA PIPELINE CORP	$4,973,000	-0.9%	134,149	-0.5%	0.62%	-2.8%
EVRG	Sell	EVERGY INC	$4,863,000	+6.8%	73,057	-3.5%	0.60%	+4.5%
CNP	Sell	CENTERPOINT ENERGY INC	$4,503,000	+5.3%	149,219	-0.1%	0.56%	+3.0%
T	Buy	AT&T INC	$4,431,000	+49.8%	117,087	+32.6%	0.55%	+46.9%
MMP	Sell	MAGELLAN MIDSTREAM PRTNRS LP	$4,283,000	+1.6%	64,625	-1.9%	0.53%	-0.6%
ATO	Sell	ATMOS ENERGY CORP	$4,205,000	+7.5%	36,921	-0.3%	0.52%	+5.3%
RLJPRA	Sell	RLJ LODGING TRcum conv pfd a	$3,725,000	+2.4%	137,997	-0.8%	0.46%	+0.2%
AMG	Sell	AFFILIATED MANAGERS GROUP IN	$3,471,000	-14.0%	41,646	-5.0%	0.43%	-15.9%
EQCPRD	Sell	EQUITY COMWLTHcum pfd s d 6.5%	$3,380,000	+1.4%	120,484	-0.3%	0.42%	-0.7%
LEMB	Sell	ISHARES INCjp morgan em etf	$3,251,000	-4.8%	73,543	-0.4%	0.40%	-6.7%
ORAN	Sell	ORANGEsponsored adr	$3,065,000	-4.1%	196,860	-3.2%	0.38%	-6.0%
XEL	Sell	XCEL ENERGY INC	$2,793,000	+8.0%	43,046	-1.0%	0.34%	+5.5%
GBDC	Sell	GOLUB CAP BDC INC	$2,462,000	+4.7%	130,654	-1.1%	0.30%	+2.4%
WELL	Buy	WELLTOWER INC	$2,378,000	+11.2%	26,228	+0.0%	0.29%	+8.9%
WY	Buy	WEYERHAEUSER CO	$2,318,000	+6.4%	83,679	+1.2%	0.29%	+4.0%
ES	Sell	EVERSOURCE ENERGY	$1,718,000	+6.4%	20,105	-5.6%	0.21%	+3.9%
JNJ	Sell	JOHNSON & JOHNSON	$1,616,000	-9.7%	12,491	-2.7%	0.20%	-11.5%
UGI	New	UGI CORP NEW	$1,400,000	–	27,844	–	0.17%	–
IEMG	Sell	ISHARES INCcore msci emkt	$1,087,000	-43.6%	22,170	-40.9%	0.13%	-45.1%
DHR	Sell	DANAHER CORPORATION	$1,025,000	-11.5%	7,099	-12.3%	0.13%	-13.0%
PEP	Sell	PEPSICO INC	$966,000	+3.5%	7,047	-1.0%	0.12%	+0.8%
AMZN	Buy	AMAZON COM INC	$837,000	-3.9%	482	+4.8%	0.10%	-6.4%
EZU	Sell	ISHARES INCmsci eurzone etf	$796,000	-2.6%	20,460	-0.9%	0.10%	-4.9%
FISV	New	FISERV INC	$726,000	–	7,008	–	0.09%	–
BCE	Buy	BCE INC	$673,000	+9.6%	13,906	+2.9%	0.08%	+6.4%
CVX	Sell	CHEVRON CORP NEW	$672,000	-7.3%	5,665	-2.8%	0.08%	-9.8%
PPL	Buy	PPL CORP	$610,000	+2.5%	19,359	+0.9%	0.08%	0.0%
NSC	Sell	NORFOLK SOUTHERN CORP	$609,000	-11.4%	3,387	-1.8%	0.08%	-13.8%
JPM	Sell	JPMORGAN CHASE & CO	$510,000	+0.4%	4,335	-4.6%	0.06%	-1.6%
PFE	Sell	PFIZER INC	$473,000	-45.0%	13,163	-33.7%	0.06%	-46.8%
IGSB	Buy	ISHARES TRsh tr crport etf	$375,000	+3.9%	6,985	+3.5%	0.05%	0.0%
AZO	Sell	AUTOZONE INC	$376,000	-2.3%	347	-0.9%	0.05%	-6.1%
UTX	Sell	UNITED TECHNOLOGIES CORP	$280,000	+3.3%	2,048	-1.5%	0.04%	+2.9%
ABT	Sell	ABBOTT LABS	$241,000	-4.0%	2,886	-3.2%	0.03%	-6.2%
NKE	New	NIKE INCcl b	$215,000	–	2,291	–	0.03%	–
IVV	New	ISHARES TRcore s&p500 etf	$211,000	–	706	–	0.03%	–
COP	Sell	CONOCOPHILLIPS	$203,000	-9.8%	3,554	-3.7%	0.02%	-10.7%
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-2,797	–	-0.02%	–
WAT	Exit	WATERS CORP	$0	–	-949	–	-0.03%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,775	–	-0.03%	–
MIC	Exit	MACQUARIE INFRASTRUCTURE COR	$0	–	-5,000	–	-0.03%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-4,619	–	-0.03%	–
BIIB	Exit	BIOGEN INC	$0	–	-1,100	–	-0.03%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-647	–	-0.04%	–
FDC	Exit	FIRST DATA CORP NEW	$0	–	-21,155	–	-0.07%	–
APU	Exit	AMERIGAS PARTNERS L Punit l p int	$0	–	-62,165	–	-0.27%	–
BACPRL	Exit	BANK AMER CORP7.25%cnv pfd l	$0	–	-2,512	–	-0.44%	–
DCUD	Exit	DOMINION ENERGY INCunit 08/15/2019	$0	–	-75,465	–	-0.48%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-174,397	–	-0.98%	–

Q2 2019

			Value		Shares		↓ Weighting
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$46,645,000	–	218,818	–	5.89%	–
MSFT	New	MICROSOFT CORP	$45,404,000	–	338,934	–	5.73%	–
AAPL	New	APPLE INC	$38,312,000	–	193,572	–	4.84%	–
LOW	New	LOWES COS INC	$29,614,000	–	293,473	–	3.74%	–
GOOG	New	ALPHABET INCcap stk cl c	$21,542,000	–	19,929	–	2.72%	–
PNC	New	PNC FINL SVCS GROUP INC	$19,394,000	–	141,272	–	2.45%	–
SCZ	New	ISHARES TReafe sml cp etf	$18,555,000	–	323,255	–	2.34%	–
NVS	New	NOVARTIS A Gsponsored adr	$18,393,000	–	201,434	–	2.32%	–
BA	New	BOEING CO	$16,915,000	–	46,468	–	2.14%	–
GM	New	GENERAL MTRS CO	$16,879,000	–	438,076	–	2.13%	–
AGG	New	ISHARES TRcore us aggbd et	$16,304,000	–	146,427	–	2.06%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$16,227,000	–	124,488	–	2.05%	–
URI	New	UNITED RENTALS INC	$15,482,000	–	116,733	–	1.96%	–
LEN	New	LENNAR CORPcl a	$14,538,000	–	300,006	–	1.84%	–
BXMT	New	BLACKSTONE MTG TR INC	$14,389,000	–	404,419	–	1.82%	–
ENB	New	ENBRIDGE INC	$13,913,000	–	385,626	–	1.76%	–
MMM	New	3M CO	$13,476,000	–	77,744	–	1.70%	–
COF	New	CAPITAL ONE FINL CORP	$13,406,000	–	147,744	–	1.69%	–
ARCC	New	ARES CAP CORP	$13,015,000	–	725,487	–	1.64%	–
VZ	New	VERIZON COMMUNICATIONS INC	$12,874,000	–	225,351	–	1.62%	–
DAL	New	DELTA AIR LINES INC DEL	$12,801,000	–	225,560	–	1.62%	–
DIS	New	DISNEY WALT CO	$12,553,000	–	89,892	–	1.58%	–
CVS	New	CVS HEALTH CORP	$12,487,000	–	229,168	–	1.58%	–
V	New	VISA INC	$12,336,000	–	71,082	–	1.56%	–
GD	New	GENERAL DYNAMICS CORP	$11,862,000	–	65,238	–	1.50%	–
BKNG	New	BOOKING HLDGS INC	$11,451,000	–	6,108	–	1.45%	–
O	New	REALTY INCOME CORP	$11,368,000	–	164,829	–	1.44%	–
GOOGL	New	ALPHABET INCcap stk cl a	$10,964,000	–	10,126	–	1.38%	–
ICSH	New	ISHARES TRultr sh trm bd	$10,758,000	–	213,497	–	1.36%	–
AEP	New	AMERICAN ELEC PWR CO INC	$10,457,000	–	118,820	–	1.32%	–
BLK	New	BLACKROCK INC	$10,308,000	–	21,964	–	1.30%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$9,645,000	–	334,068	–	1.22%	–
WSM	New	WILLIAMS SONOMA INC	$9,125,000	–	140,381	–	1.15%	–
FCT	New	FIRST TR SR FLG RTE INCM FD	$9,118,000	–	756,692	–	1.15%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$8,753,000	–	108,453	–	1.10%	–
NEE	New	NEXTERA ENERGY INC	$8,727,000	–	42,598	–	1.10%	–
MDT	New	MEDTRONIC PLC	$8,558,000	–	87,874	–	1.08%	–
BTZ	New	BLACKROCK CR ALLCTN INC TR	$7,782,000	–	599,964	–	0.98%	–
BX	New	BLACKSTONE GROUP L P	$7,747,000	–	174,397	–	0.98%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$7,671,000	–	169,146	–	0.97%	–
AMAT	New	APPLIED MATLS INC	$7,456,000	–	166,025	–	0.94%	–
BAC	New	BANK AMER CORP	$7,386,000	–	254,692	–	0.93%	–
SO	New	SOUTHERN CO	$6,855,000	–	124,006	–	0.86%	–
FB	New	FACEBOOK INCcl a	$6,761,000	–	35,031	–	0.85%	–
EMN	New	EASTMAN CHEMICAL CO	$6,535,000	–	83,959	–	0.82%	–
KRE	New	SPDR SERIES TRUSTs&p regl bkg	$6,329,000	–	118,462	–	0.80%	–
AVGO	New	BROADCOM INC	$6,119,000	–	21,257	–	0.77%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$5,773,000	–	34,068	–	0.73%	–
KMI	New	KINDER MORGAN INC DEL	$5,530,000	–	264,856	–	0.70%	–
D	New	DOMINION ENERGY INC	$5,346,000	–	69,146	–	0.68%	–
PBA	New	PEMBINA PIPELINE CORP	$5,016,000	–	134,801	–	0.63%	–
WFCPRL	New	WELLS FARGO CO NEWperp pfd cnv a	$5,015,000	–	3,676	–	0.63%	–
EVRG	New	EVERGY INC	$4,554,000	–	75,717	–	0.58%	–
CMP	New	COMPASS MINERALS INTL INC	$4,312,000	–	78,475	–	0.54%	–
CNP	New	CENTERPOINT ENERGY INC	$4,275,000	–	149,305	–	0.54%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$4,215,000	–	65,865	–	0.53%	–
AMG	New	AFFILIATED MANAGERS GROUP IN	$4,038,000	–	43,819	–	0.51%	–
ATO	New	ATMOS ENERGY CORP	$3,910,000	–	37,038	–	0.49%	–
DCUD	New	DOMINION ENERGY INCunit 08/15/2019	$3,795,000	–	75,465	–	0.48%	–
RLJPRA	New	RLJ LODGING TRcum conv pfd a	$3,639,000	–	139,050	–	0.46%	–
BACPRL	New	BANK AMER CORP7.25%cnv pfd l	$3,446,000	–	2,512	–	0.44%	–
LEMB	New	ISHARES INCjp morgan em etf	$3,414,000	–	73,838	–	0.43%	–
EQCPRD	New	EQUITY COMWLTHcum pfd s d 6.5%	$3,333,000	–	120,834	–	0.42%	–
ORAN	New	ORANGEsponsored adr	$3,196,000	–	203,310	–	0.40%	–
T	New	AT&T INC	$2,958,000	–	88,272	–	0.37%	–
XEL	New	XCEL ENERGY INC	$2,587,000	–	43,478	–	0.33%	–
GBDC	New	GOLUB CAP BDC INC	$2,352,000	–	132,154	–	0.30%	–
WY	New	WEYERHAEUSER CO	$2,178,000	–	82,681	–	0.28%	–
APU	New	AMERIGAS PARTNERS L Punit l p int	$2,166,000	–	62,165	–	0.27%	–
WELL	New	WELLTOWER INC	$2,138,000	–	26,224	–	0.27%	–
IEMG	New	ISHARES INCcore msci emkt	$1,929,000	–	37,503	–	0.24%	–
JNJ	New	JOHNSON & JOHNSON	$1,789,000	–	12,841	–	0.23%	–
XOM	New	EXXON MOBIL CORP	$1,641,000	–	21,413	–	0.21%	–
ES	New	EVERSOURCE ENERGY	$1,614,000	–	21,305	–	0.20%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$1,592,000	–	5	–	0.20%	–
VTR	New	VENTAS INC	$1,289,000	–	18,862	–	0.16%	–
DHR	New	DANAHER CORPORATION	$1,158,000	–	8,099	–	0.15%	–
INTC	New	INTEL CORP	$1,068,000	–	22,302	–	0.14%	–
CI	New	CIGNA CORP NEW	$1,034,000	–	6,566	–	0.13%	–
WMT	New	WALMART INC	$950,000	–	8,597	–	0.12%	–
PEP	New	PEPSICO INC	$933,000	–	7,117	–	0.12%	–
OKE	New	ONEOK INC NEW	$876,000	–	12,736	–	0.11%	–
AMZN	New	AMAZON COM INC	$871,000	–	460	–	0.11%	–
PFE	New	PFIZER INC	$860,000	–	19,863	–	0.11%	–
BK	New	BANK NEW YORK MELLON CORP	$844,000	–	19,108	–	0.11%	–
JFR	New	NUVEEN FLOATING RATE INCOME	$840,000	–	85,312	–	0.11%	–
EZU	New	ISHARES INCmsci eurzone etf	$817,000	–	20,643	–	0.10%	–
IPAC	New	ISHARES TRcore msci pac	$818,000	–	14,690	–	0.10%	–
CVX	New	CHEVRON CORP NEW	$725,000	–	5,829	–	0.09%	–
NSC	New	NORFOLK SOUTHERN CORP	$687,000	–	3,448	–	0.09%	–
BCE	New	BCE INC	$614,000	–	13,509	–	0.08%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$619,000	–	1,675	–	0.08%	–
PPL	New	PPL CORP	$595,000	–	19,189	–	0.08%	–
CSX	New	CSX CORP	$594,000	–	7,683	–	0.08%	–
FDC	New	FIRST DATA CORP NEW	$573,000	–	21,155	–	0.07%	–
ET	New	ENERGY TRANSFER LP	$531,000	–	37,720	–	0.07%	–
ORCL	New	ORACLE CORP	$513,000	–	8,998	–	0.06%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$503,000	–	3,043	–	0.06%	–
JPM	New	JPMORGAN CHASE & CO	$508,000	–	4,542	–	0.06%	–
ACN	New	ACCENTURE PLC IRELAND	$402,000	–	2,174	–	0.05%	–
PG	New	PROCTER AND GAMBLE CO	$392,000	–	3,577	–	0.05%	–
BBN	New	BLACKROCK TAX MUNICPAL BD TR	$390,000	–	16,430	–	0.05%	–
AZO	New	AUTOZONE INC	$385,000	–	350	–	0.05%	–
MKL	New	MARKEL CORP	$370,000	–	340	–	0.05%	–
IGSB	New	ISHARES TRsh tr crport etf	$361,000	–	6,750	–	0.05%	–
ISRG	New	INTUITIVE SURGICAL INC	$339,000	–	647	–	0.04%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$338,000	–	13,890	–	0.04%	–
BBT	New	BB&T CORP	$337,000	–	6,858	–	0.04%	–
MMC	New	MARSH & MCLENNAN COS INC	$313,000	–	3,140	–	0.04%	–
CSCO	New	CISCO SYS INC	$320,000	–	5,850	–	0.04%	–
ECL	New	ECOLAB INC	$312,000	–	1,581	–	0.04%	–
HD	New	HOME DEPOT INC	$298,000	–	1,434	–	0.04%	–
DUK	New	DUKE ENERGY CORP NEW	$286,000	–	3,244	–	0.04%	–
WEC	New	WEC ENERGY GROUP INC	$278,000	–	3,335	–	0.04%	–
SYK	New	STRYKER CORP	$277,000	–	1,349	–	0.04%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$267,000	–	4,874	–	0.03%	–
UTX	New	UNITED TECHNOLOGIES CORP	$271,000	–	2,080	–	0.03%	–
LMT	New	LOCKHEED MARTIN CORP	$260,000	–	714	–	0.03%	–
NTCT	New	NETSCOUT SYS INC	$254,000	–	10,011	–	0.03%	–
BIIB	New	BIOGEN INC	$257,000	–	1,100	–	0.03%	–
FTV	New	FORTIVE CORP	$257,000	–	3,149	–	0.03%	–
ABT	New	ABBOTT LABS	$251,000	–	2,981	–	0.03%	–
YUM	New	YUM BRANDS INC	$248,000	–	2,240	–	0.03%	–
AMGN	New	AMGEN INC	$249,000	–	1,350	–	0.03%	–
HON	New	HONEYWELL INTL INC	$240,000	–	1,373	–	0.03%	–
UBSI	New	UNITED BANKSHARES INC WEST V	$241,000	–	6,511	–	0.03%	–
IDXX	New	IDEXX LABS INC	$234,000	–	850	–	0.03%	–
OGS	New	ONE GAS INC	$226,000	–	2,500	–	0.03%	–
WFC	New	WELLS FARGO CO NEW	$219,000	–	4,619	–	0.03%	–
COP	New	CONOCOPHILLIPS	$225,000	–	3,692	–	0.03%	–
WPC	New	W P CAREY INC	$214,000	–	2,638	–	0.03%	–
WAT	New	WATERS CORP	$204,000	–	949	–	0.03%	–
ABBV	New	ABBVIE INC	$202,000	–	2,775	–	0.03%	–
MIC	New	MACQUARIE INFRASTRUCTURE COR	$203,000	–	5,000	–	0.03%	–
CL	New	COLGATE PALMOLIVE CO	$200,000	–	2,797	–	0.02%	–
PDT	New	HANCOCK JOHN PREMUIM DIV FD	$170,000	–	10,000	–	0.02%	–
	New	TEVA PHARMACEUTICAL FIN LLCdbcv 0.250% 2/0	$53,000	–	58,000	–	0.01%	–

Q4 2018

			Value		Shares		↓ Weighting
	Exit	TEVA PHARMACEUTICAL FIN LLCdbcv 0.25% 2/0	$0	–	-58,000	–	-0.01%	–
PDT	Exit	HANCOCK JOHN PREMUIM DIV FD	$0	–	-10,000	–	-0.02%	–
DLS	Exit	WISDOMTREE TRintl smcap div	$0	–	-2,830	–	-0.02%	–
PX	Exit	PRAXAIR INC	$0	–	-1,300	–	-0.03%	–
OGS	Exit	ONE GAS INC	$0	–	-2,500	–	-0.03%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,034	–	-0.03%	–
ABT	Exit	ABBOTT LABS	$0	–	-2,981	–	-0.03%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-3,335	–	-0.03%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-3,203	–	-0.03%	–
ITB	Exit	ISHARES TRus home cons etf	$0	–	-6,550	–	-0.03%	–
UBSI	Exit	UNITED BANKSHARES INC WEST V	$0	–	-6,511	–	-0.03%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-3,035	–	-0.03%	–
MIC	Exit	MACQUARIE INFRASTRUCTURE COR	$0	–	-5,000	–	-0.03%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-3,701	–	-0.03%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-2,932	–	-0.03%	–
SYK	Exit	STRYKER CORP	$0	–	-1,349	–	-0.03%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-714	–	-0.03%	–
PSX	Exit	PHILLIPS 66	$0	–	-2,180	–	-0.03%	–
NTCT	Exit	NETSCOUT SYS INC	$0	–	-10,011	–	-0.03%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-1,839	–	-0.03%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,775	–	-0.03%	–
IGSB	Exit	ISHARES TRsh tr crport etf	$0	–	-5,133	–	-0.03%	–
FTV	Exit	FORTIVE CORP	$0	–	-3,149	–	-0.03%	–
CSCO	Exit	CISCO SYS INC	$0	–	-5,450	–	-0.03%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-3,475	–	-0.03%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-3,733	–	-0.04%	–
AZO	Exit	AUTOZONE INC	$0	–	-400	–	-0.04%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-4,895	–	-0.04%	–
BIIB	Exit	BIOGEN INC	$0	–	-900	–	-0.04%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-6,028	–	-0.04%	–
BAC	Exit	BANK AMER CORP	$0	–	-11,117	–	-0.04%	–
AMGN	Exit	AMGEN INC	$0	–	-1,600	–	-0.04%	–
BBT	Exit	BB&T CORP	$0	–	-6,858	–	-0.04%	–
BBN	Exit	BLACKROCK TAX MUNICPAL BD TR	$0	–	-16,430	–	-0.04%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,074	–	-0.04%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-4,875	–	-0.04%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-2,074	–	-0.04%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-15,050	–	-0.05%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-7,482	–	-0.05%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-708	–	-0.05%	–
MKL	Exit	MARKEL CORP	$0	–	-365	–	-0.05%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-3,043	–	-0.06%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-4,093	–	-0.06%	–
ORCL	Exit	ORACLE CORP	$0	–	-10,439	–	-0.07%	–
CSX	Exit	CSX CORP	$0	–	-7,783	–	-0.07%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-1,675	–	-0.07%	–
BCE	Exit	BCE INC	$0	–	-14,459	–	-0.07%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-3,448	–	-0.08%	–
PPL	Exit	PPL CORP	$0	–	-21,582	–	-0.08%	–
ECL	Exit	ECOLAB INC	$0	–	-4,181	–	-0.08%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-6,006	–	-0.09%	–
ET	Exit	ENERGY TRANSFER EQUITY L P	$0	–	-44,840	–	-0.10%	–
WMT	Exit	WALMART INC	$0	–	-8,477	–	-0.10%	–
PEP	Exit	PEPSICO INC	$0	–	-7,214	–	-0.10%	–
PFE	Exit	PFIZER INC	$0	–	-19,158	–	-0.10%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-8,099	–	-0.11%	–
OKE	Exit	ONEOK INC NEW	$0	–	-13,106	–	-0.11%	–
JFR	Exit	NUVEEN FLOATING RATE INCOME	$0	–	-87,712	–	-0.11%	–
AMZN	Exit	AMAZON COM INC	$0	–	-460	–	-0.11%	–
INTC	Exit	INTEL CORP	$0	–	-20,152	–	-0.12%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-19,108	–	-0.12%	–
CI	Exit	CIGNA CORPORATION	$0	–	-5,967	–	-0.15%	–
VTR	Exit	VENTAS INC	$0	–	-23,477	–	-0.16%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-21,305	–	-0.16%	–
WELL	Exit	WELLTOWER INC	$0	–	-26,558	–	-0.21%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-21,338	–	-0.22%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-6	–	-0.24%	–
AVGO	Exit	BROADCOM INC	$0	–	-8,165	–	-0.25%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-50,573	–	-0.26%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-43,998	–	-0.26%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-15,735	–	-0.32%	–
GBDC	Exit	GOLUB CAP BDC INC	$0	–	-145,787	–	-0.34%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-17,030	–	-0.35%	–
DCUD	Exit	DOMINION ENERGY INCunit 08/15/2019	$0	–	-63,556	–	-0.37%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-35,433	–	-0.38%	–
BACPRL	Exit	BANK AMER CORP7.24% cnv pfd l	$0	–	-2,503	–	-0.40%	–
EQCPRD	Exit	EQUITY COMWLTHcum pfd s d 6.5%	$0	–	-126,859	–	-0.41%	–
ORAN	Exit	ORANGEsponsored adr	$0	–	-213,160	–	-0.42%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-111,925	–	-0.45%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-38,551	–	-0.45%	–
D	Exit	DOMINION ENERGY INC	$0	–	-56,057	–	-0.49%	–
EVRG	Exit	EVERGY INC	$0	–	-78,297	–	-0.53%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-159,437	–	-0.55%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-66,375	–	-0.56%	–
LEMB	Exit	ISHARES INCjp morgan em etf	$0	–	-105,266	–	-0.56%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-136,904	–	-0.58%	–
WFCPRL	Exit	WELLS FARGO CO NEWperp pfd cnv a	$0	–	-3,651	–	-0.58%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-286,307	–	-0.63%	–
RLJPRA	Exit	RLJ LODGING TRcum conv pfd a	$0	–	-198,240	–	-0.64%	–
SO	Exit	SOUTHERN CO	$0	–	-129,560	–	-0.70%	–
T	Exit	AT&T INC	$0	–	-172,267	–	-0.72%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-155,777	–	-0.74%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-160,686	–	-0.77%	–
KRE	Exit	SPDR SERIES TRUSTs&p regl bkg	$0	–	-108,961	–	-0.80%	–
APU	Exit	AMERIGAS PARTNERS L Punit l p int	$0	–	-164,724	–	-0.81%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-51,533	–	-0.87%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-43,902	–	-0.91%	–
MRK	Exit	MERCK & CO INC	$0	–	-104,045	–	-0.92%	–
ICSH	Exit	ISHARES TRultr sh trm bd	$0	–	-148,650	–	-0.92%	–
FCT	Exit	FIRST TR SR FLG RTE INCM FD	$0	–	-602,481	–	-0.95%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-82,009	–	-1.00%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-84,523	–	-1.00%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-107,913	–	-1.04%	–
BTZ	Exit	BLACKROCK CR ALLCTN INC TR	$0	–	-700,777	–	-1.06%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-123,975	–	-1.09%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-307,402	–	-1.10%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-137,197	–	-1.12%	–
UPS	Exit	UNITED PARCEL SERVICE INC	$0	–	-80,180	–	-1.16%	–
ENB	Exit	ENBRIDGE INC	$0	–	-294,882	–	-1.18%	–
O	Exit	REALTY INCOME CORP	$0	–	-170,387	–	-1.20%	–
BLK	Exit	BLACKROCK INC	$0	–	-21,392	–	-1.25%	–
V	Exit	VISA INC	$0	–	-67,754	–	-1.26%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-74,083	–	-1.27%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-5,313	–	-1.31%	–
DIS	Exit	DISNEY WALT CO	$0	–	-90,461	–	-1.31%	–
ARCC	Exit	ARES CAP CORP	$0	–	-678,890	–	-1.45%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-219,174	–	-1.45%	–
AGG	Exit	ISHARES TRcore us aggbd eft	$0	–	-115,351	–	-1.51%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-61,826	–	-1.57%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-10,607	–	-1.59%	–
BXMT	Exit	BLACKSTONE MTG TR INC	$0	–	-401,109	–	-1.67%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-293,158	–	-1.70%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-221,619	–	-1.72%	–
GM	Exit	GENERAL MTRS CO	$0	–	-422,004	–	-1.76%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-130,836	–	-1.81%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-165,982	–	-1.95%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-172,661	–	-2.04%	–
FDC	Exit	FIRST DATA CORP NEW	$0	–	-700,449	–	-2.13%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-203,298	–	-2.17%	–
MMM	Exit	3M CO	$0	–	-84,418	–	-2.21%	–
URI	Exit	UNITED RENTALS INC	$0	–	-119,591	–	-2.43%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-152,240	–	-2.57%	–
BA	Exit	BOEING CO	$0	–	-55,887	–	-2.58%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-20,295	–	-3.00%	–
LOW	Exit	LOWES COS INC	$0	–	-337,133	–	-4.80%	–
AAPL	Exit	APPLE INC	$0	–	-198,338	–	-5.55%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-410,784	–	-5.83%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-223,325	–	-5.93%	–

Q3 2018

			Value		Shares		↓ Weighting
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$47,816,000	+13.9%	223,325	-0.7%	5.93%	+5.7%
MSFT	Sell	MICROSOFT CORP	$46,981,000	+15.7%	410,784	-0.2%	5.83%	+7.4%
AAPL	Sell	APPLE INC	$44,773,000	+21.1%	198,338	-0.7%	5.55%	+12.4%
LOW	Sell	LOWES COS INC	$38,710,000	+19.2%	337,133	-0.8%	4.80%	+10.6%
GOOG	Sell	ALPHABET INCcap stk cl c	$24,221,000	+6.5%	20,295	-0.4%	3.00%	-1.2%
BA	Sell	BOEING CO	$20,784,000	+9.7%	55,887	-1.0%	2.58%	+1.8%
PNC	Sell	PNC FINL SVCS GROUP INC	$20,734,000	+0.3%	152,240	-0.5%	2.57%	-7.0%
URI	Buy	UNITED RENTALS INC	$19,565,000	+11.2%	119,591	+0.3%	2.43%	+3.1%
MMM	Sell	3M CO	$17,788,000	+6.0%	84,418	-1.1%	2.21%	-1.7%
NVS	Sell	NOVARTIS A Gsponsored adr	$17,516,000	+13.7%	203,298	-0.3%	2.17%	+5.5%
FDC	Sell	FIRST DATA CORP NEW	$17,140,000	+16.9%	700,449	-0.1%	2.13%	+8.4%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$16,405,000	+20.3%	172,661	-2.3%	2.04%	+11.6%
COF	Sell	CAPITAL ONE FINL CORP	$15,757,000	+2.8%	165,982	-0.4%	1.95%	-4.6%
CCI	Sell	CROWN CASTLE INTL CORP NEW	$14,566,000	+2.8%	130,836	-0.5%	1.81%	-4.6%
GM	Buy	GENERAL MTRS CO	$14,209,000	-13.7%	422,004	+1.0%	1.76%	-20.0%
LUV	Sell	SOUTHWEST AIRLS CO	$13,840,000	+19.4%	221,619	-2.7%	1.72%	+10.7%
LEN	Sell	LENNAR CORPcl a	$13,688,000	-17.7%	293,158	-7.5%	1.70%	-23.6%
BXMT	Buy	BLACKSTONE MTG TR INC	$13,441,000	+8.7%	401,109	+2.0%	1.67%	+0.8%
GOOGL	Sell	ALPHABET INCcap stk cl a	$12,803,000	+5.1%	10,607	-1.7%	1.59%	-2.5%
GD	Buy	GENERAL DYNAMICS CORP	$12,657,000	+11.5%	61,826	+1.6%	1.57%	+3.5%
AGG	Buy	ISHARES TRcore us aggbd eft	$12,171,000	+14.1%	115,351	+14.9%	1.51%	+5.8%
VZ	Sell	VERIZON COMMUNICATIONS INC	$11,702,000	+5.6%	219,174	-0.5%	1.45%	-2.1%
ARCC	Buy	ARES CAP CORP	$11,670,000	+6.6%	678,890	+2.0%	1.45%	-1.1%
DIS	Buy	DISNEY WALT CO	$10,578,000	+14.2%	90,461	+2.3%	1.31%	+5.9%
BKNG	Buy	BOOKING HLDGS INC	$10,541,000	+1.0%	5,313	+3.2%	1.31%	-6.4%
JNJ	Sell	JOHNSON & JOHNSON	$10,236,000	+10.3%	74,083	-3.1%	1.27%	+2.3%
V	Buy	VISA INC	$10,169,000	+13.9%	67,754	+0.5%	1.26%	+5.6%
BLK	Buy	BLACKROCK INC	$10,083,000	-4.4%	21,392	+1.2%	1.25%	-11.3%
O	Sell	REALTY INCOME CORP	$9,693,000	+5.1%	170,387	-0.7%	1.20%	-2.5%
ENB	Buy	ENBRIDGE INC	$9,522,000	+16.4%	294,882	+28.6%	1.18%	+8.0%
UPS	Sell	UNITED PARCEL SERVICE INC	$9,361,000	+7.5%	80,180	-2.2%	1.16%	-0.3%
WSM	Buy	WILLIAMS SONOMA INC	$9,017,000	+7.5%	137,197	+0.4%	1.12%	-0.3%
EPD	Buy	ENTERPRISE PRODS PARTNERS L	$8,832,000	+7.7%	307,402	+3.7%	1.10%	-0.2%
AEP	Sell	AMERICAN ELEC PWR INC	$8,787,000	+1.7%	123,975	-0.6%	1.09%	-5.6%
BTZ	Sell	BLACKROCK CR ALLCTN INC TR	$8,578,000	+0.6%	700,777	-0.7%	1.06%	-6.7%
LAMR	Buy	LAMAR ADVERTISING CO NEWcl a	$8,396,000	+18.2%	107,913	+3.7%	1.04%	+9.6%
EMN	Sell	EASTMAN CHEM CO	$8,091,000	-5.5%	84,523	-1.3%	1.00%	-12.4%
MDT	Buy	MEDTRONIC PLC	$8,067,000	+20.3%	82,009	+4.7%	1.00%	+11.6%
FCT	Buy	FIRST TR SR FLG RTE INCM FD	$7,663,000	+55.2%	602,481	+56.8%	0.95%	+43.9%
ICSH	Buy	ISHARES TRultr sh trm bd	$7,459,000	+73.1%	148,650	+73.0%	0.92%	+60.6%
MRK	Sell	MERCK & CO INC	$7,381,000	+15.2%	104,045	-1.4%	0.92%	+6.9%
NEE	Sell	NEXTERA ENERGY INC	$7,358,000	-1.3%	43,902	-1.6%	0.91%	-8.4%
AMG	Sell	AFFILIATED MANAGERS GROUP	$7,046,000	-9.1%	51,533	-1.2%	0.87%	-15.6%
APU	Buy	AMERIGAS PARTNERS L Punit l p int	$6,508,000	-4.8%	164,724	+1.7%	0.81%	-11.7%
KRE	Buy	SPDR SERIES TRUSTs&p regl bkg	$6,474,000	+718.5%	108,961	+740.7%	0.80%	+657.5%
AMAT	Buy	APPLIED MATLS INC	$6,211,000	-13.2%	160,686	+3.7%	0.77%	-19.5%
BX	Sell	BLACKSTONE GROUP L P	$5,932,000	+16.2%	155,777	-1.8%	0.74%	+7.9%
T	Buy	AT&T INC	$5,785,000	+5.3%	172,267	+0.6%	0.72%	-2.4%
SO	Sell	SOUTHERN CO	$5,649,000	-6.5%	129,560	-0.7%	0.70%	-13.2%
RLJPRA	Sell	RLJ LODGING TRcum conv pfd a	$5,150,000	-3.6%	198,240	-2.7%	0.64%	-10.5%
KMI	Sell	KINDER MORGAN INC DEL	$5,076,000	-0.6%	286,307	-0.9%	0.63%	-7.8%
WFCPRL	Sell	WELLS FARGO CO NEWperp pfd cnv a	$4,713,000	+2.3%	3,651	-0.3%	0.58%	-5.0%
PBA	Sell	PEMBINA PIPELINE CORP	$4,653,000	-2.6%	136,904	-0.8%	0.58%	-9.7%
LEMB	Sell	ISHARES INCjp morgan em etf	$4,539,000	-8.5%	105,266	-5.9%	0.56%	-15.1%
MMP	Buy	MAGELLAN MIDSTREAM PRTNRS LP	$4,495,000	-0.0%	66,375	+2.0%	0.56%	-7.3%
CNP	Sell	CENTERPOINT ENERGY INC	$4,408,000	-0.6%	159,437	-0.4%	0.55%	-7.8%
EVRG	New	EVERGY INC	$4,300,000	–	78,297	–	0.53%	–
D	Buy	DOMINION ENERGY INC	$3,940,000	+5.8%	56,057	+2.6%	0.49%	-1.8%
ATO	Sell	ATMOS ENERGY CORP	$3,620,000	+3.8%	38,551	-0.3%	0.45%	-3.6%
WY	Sell	WEYERHAEUSER CO	$3,612,000	-13.1%	111,925	-1.8%	0.45%	-19.4%
ORAN	Sell	ORANGEsponsored adr	$3,387,000	-5.4%	213,160	-0.7%	0.42%	-12.1%
EQCPRD	Sell	EQUITY COMWLTHcum pfd s d 6.5%	$3,315,000	-1.8%	126,859	-2.2%	0.41%	-8.9%
IJR	Buy	ISHARES TRcore s&p scp etf	$3,091,000	+20.3%	35,433	+15.1%	0.38%	+11.3%
DCUD	Buy	DOMINION ENERGY INCunit 08/15/2019	$3,006,000	+11.1%	63,556	+8.5%	0.37%	+3.0%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$2,806,000	–	17,030	–	0.35%	–
GBDC	Sell	GOLUB CAP BDC INC	$2,734,000	+0.1%	145,787	-2.3%	0.34%	-7.1%
FB	Buy	FACEBOOK INCcl a	$2,588,000	-4.3%	15,735	+13.1%	0.32%	-11.1%
AVGO	New	BROADCOM INC	$2,015,000	–	8,165	–	0.25%	–
WELL	Sell	WELLTOWER INC	$1,708,000	-0.1%	26,558	-2.6%	0.21%	-7.0%
VTR	Sell	VENTAS INC	$1,277,000	-7.1%	23,477	-2.7%	0.16%	-14.1%
AMZN	Buy	AMAZON COM INC	$921,000	+50.5%	460	+27.8%	0.11%	+39.0%
PFE	Sell	PFIZER INC	$844,000	+19.5%	19,158	-1.5%	0.10%	+11.7%
ET	Sell	ENERGY TRANSFER EQUITY L P	$782,000	-5.8%	44,840	-6.8%	0.10%	-12.6%
CVX	Sell	CHEVRON CORP NEW	$734,000	-4.6%	6,006	-1.3%	0.09%	-11.7%
PPL	Buy	PPL CORP	$631,000	+5.2%	21,582	+2.7%	0.08%	-2.5%
CSX	Sell	CSX CORP	$576,000	+10.3%	7,783	-4.9%	0.07%	+1.4%
JPM	Sell	JPMORGAN CHASE & CO	$462,000	-2.3%	4,093	-9.8%	0.06%	-9.5%
MKL	Sell	MARKEL CORP	$434,000	-13.9%	365	-21.5%	0.05%	-19.4%
WFC	Sell	WELLS FARGO CO NEW	$393,000	-19.5%	7,482	-15.1%	0.05%	-24.6%
HON	New	HONEYWELL INTL INC	$345,000	–	2,074	–	0.04%	–
IEMG	Sell	ISHARES INCcore msci emkt	$312,000	-84.8%	6,028	-84.6%	0.04%	-85.8%
SCZ	Sell	ISHARES TReafe sml cp etf	$305,000	-42.1%	4,895	-41.7%	0.04%	-45.7%
DUK	Sell	DUKE ENERGY CORP NEW	$278,000	-95.6%	3,475	-95.7%	0.03%	-96.0%
IGSB	Buy	ISHARES TRsh tr crport etf	$266,000	+0.4%	5,133	+100.9%	0.03%	-5.7%
FTV	Sell	FORTIVE CORP	$265,000	-3.3%	3,149	-11.3%	0.03%	-10.8%
LMT	Sell	LOCKHEED MARTIN CORP	$247,000	+2.9%	714	-12.3%	0.03%	-3.1%
GILD	Sell	GILEAD SCIENCES INC	$234,000	-23.3%	3,035	-29.4%	0.03%	-29.3%
ITB	Sell	ISHARES TRus home cons etf	$231,000	-39.5%	6,550	-34.5%	0.03%	-43.1%
ABT	New	ABBOTT LABS	$219,000	–	2,981	–	0.03%	–
HD	Sell	HOME DEPOT INC	$214,000	-11.2%	1,034	-16.2%	0.03%	-15.6%
OGS	New	ONE GAS INC	$206,000	–	2,500	–	0.03%	–
BPL	Exit	BUCKEYE PARTNERS UTS L Punit ltd partn	$0	–	-12,630	–	-0.06%	–
MGA	Exit	MAGNA INTL INC	$0	–	-49,867	–	-0.39%	–
JCI	Exit	JOHNSON CTLS INC	$0	–	-161,328	–	-0.72%	–

Q2 2018

			Value		Shares		↓ Weighting
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$41,967,000	–	224,842	–	5.61%	–
MSFT	New	MICROSOFT	$40,599,000	–	411,711	–	5.43%	–
AAPL	New	APPLE INC	$36,964,000	–	199,687	–	4.94%	–
LOW	New	LOWES COS INC	$32,465,000	–	339,697	–	4.34%	–
GOOG	New	ALPHABET INCcap stk cl c	$22,733,000	–	20,377	–	3.04%	–
PNC	New	PNC FINL SVCS GROUP INC	$20,678,000	–	153,054	–	2.76%	–
BA	New	BOEING CO	$18,947,000	–	56,472	–	2.53%	–
URI	New	UNITED RENTALS INC COM	$17,599,000	–	119,221	–	2.35%	–
MMM	New	3M CO	$16,786,000	–	85,330	–	2.24%	–
LEN	New	LENNAR CORPcl a	$16,631,000	–	316,784	–	2.22%	–
GM	New	GENERAL MOTORS CORP	$16,469,000	–	417,988	–	2.20%	–
NVS	New	NOVARTIS AGsponsored adr	$15,404,000	–	203,919	–	2.06%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$15,321,000	–	166,711	–	2.05%	–
FDC	New	FIRST DATA CORP NEW	$14,668,000	–	700,806	–	1.96%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$14,174,000	–	131,459	–	1.90%	–
ESRX	New	EXPRESS SCRIPTS INC	$13,642,000	–	176,688	–	1.82%	–
BXMT	New	BLACKSTONE MTG TR INC	$12,362,000	–	393,334	–	1.65%	–
GOOGL	New	ALPHABET INCcap stk cl a	$12,179,000	–	10,786	–	1.63%	–
LUV	New	SOUTHWEST AIRLS CO	$11,593,000	–	227,842	–	1.55%	–
GD	New	GENERAL DYNAMICS CORP	$11,348,000	–	60,878	–	1.52%	–
VZ	New	VERIZON COMMUNICATIONS	$11,085,000	–	220,333	–	1.48%	–
ARCC	New	ARES CAP CORP	$10,944,000	–	665,309	–	1.46%	–
AGG	New	ISHARES TRcore us aggbd etf	$10,669,000	–	100,349	–	1.43%	–
BLK	New	BLACKROCK INC	$10,549,000	–	21,139	–	1.41%	–
BKNG	New	BOOKING HLDGS INC	$10,440,000	–	5,150	–	1.40%	–
JNJ	New	JOHNSON & JOHNSON	$9,278,000	–	76,460	–	1.24%	–
DIS	New	DISNEY WALT CO	$9,265,000	–	88,402	–	1.24%	–
O	New	REALTY INCOME CORP	$9,225,000	–	171,504	–	1.23%	–
V	New	VISA INC	$8,929,000	–	67,413	–	1.19%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$8,710,000	–	81,994	–	1.16%	–
AEP	New	AMERICAN ELEC PWR INC	$8,640,000	–	124,770	–	1.16%	–
EMN	New	EASTMAN CHEM CO	$8,561,000	–	85,641	–	1.14%	–
BTZ	New	BLACKROCK CR ALLCTN INC TR	$8,526,000	–	705,797	–	1.14%	–
WSM	New	WILLIAMS SONOMA INC	$8,387,000	–	136,640	–	1.12%	–
EPD	New	ENTERPRISE PRODS PARTNERS L P	$8,203,000	–	296,472	–	1.10%	–
ENB	New	ENBRIDGE INC	$8,182,000	–	229,256	–	1.09%	–
AMG	New	AFFILIATED MANAGERS GROUP	$7,752,000	–	52,142	–	1.04%	–
NEE	New	NEXTERA ENERGY INC	$7,454,000	–	44,629	–	1.00%	–
AMAT	New	APPLIED MATLS INC	$7,155,000	–	154,911	–	0.96%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$7,105,000	–	104,013	–	0.95%	–
APU	New	AMERIGAS PARTNERS LPuunit l p int	$6,836,000	–	161,914	–	0.91%	–
MDT	New	MEDTRONIC PLC	$6,704,000	–	78,309	–	0.90%	–
MRK	New	MERCK & CO INC	$6,406,000	–	105,542	–	0.86%	–
DUK	New	DUKE ENERGY CORP NEW	$6,386,000	–	80,749	–	0.85%	–
SO	New	SOUTHERN CO	$6,042,000	–	130,466	–	0.81%	–
T	New	AT&T INC	$5,496,000	–	171,156	–	0.74%	–
JCI	New	JOHNSON CTLS INC	$5,396,000	–	161,328	–	0.72%	–
RLJPRA	New	RLJ LODGING TRcum conv pfd a	$5,344,000	–	203,650	–	0.71%	–
KMI	New	KINDER MORGAN INC	$5,108,000	–	289,052	–	0.68%	–
BX	New	BLACKSTONE GROUP LP	$5,104,000	–	158,648	–	0.68%	–
LEMB	New	ISHARES INCjp morgan em etf	$4,961,000	–	111,861	–	0.66%	–
FCT	New	FIRST TR SR FLG RTE INCM FD II	$4,937,000	–	384,236	–	0.66%	–
PBA	New	PEMBINA PIPELINE CORP	$4,777,000	–	138,075	–	0.64%	–
WFCPRL	New	WELLS FARGO CO NEWperp pfd cnv a	$4,609,000	–	3,661	–	0.62%	–
MMP	New	MAGELLAN MIDSTREAM PARTNERS LP	$4,497,000	–	65,105	–	0.60%	–
CNP	New	CENTERPOINT ENERGY INC	$4,434,000	–	160,000	–	0.59%	–
ICSH	New	ISHARES TRultr sh trm bd	$4,310,000	–	85,925	–	0.58%	–
WY	New	WEYERHAEUSER CO	$4,157,000	–	114,015	–	0.56%	–
D	New	DOMINION RESOURCES INC	$3,724,000	–	54,617	–	0.50%	–
ORAN	New	ORANGEsponsored adr	$3,579,000	–	214,710	–	0.48%	–
ATO	New	ATMOS ENERGY CORP	$3,487,000	–	38,685	–	0.47%	–
EQCPRD	New	EQUITY COMWLTHcum pfd s d 6.5%	$3,377,000	–	129,704	–	0.45%	–
BACPRL	New	BANK AMER CORP7,25%cnv pfd l	$3,130,000	–	2,503	–	0.42%	–
MGA	New	MAGNA INTL INC	$2,899,000	–	49,867	–	0.39%	–
GBDC	New	GOLUB CAP BDC INC COM	$2,732,000	–	149,262	–	0.36%	–
DCUD	New	DOMINION ENERGY INCunit 09/15/2019	$2,706,000	–	58,551	–	0.36%	–
FB	New	FACEBOOK INCcl a	$2,703,000	–	13,910	–	0.36%	–
IJR	New	ISHARES TRcore s&p scp etf	$2,570,000	–	30,792	–	0.34%	–
EZU	New	ISHARES INCmsci eurozone etf	$2,074,000	–	50,573	–	0.28%	–
IEMG	New	ISHARES INCcore msci emkt	$2,059,000	–	39,203	–	0.28%	–
XEL	New	XCEL ENERGY INC	$2,010,000	–	43,998	–	0.27%	–
XOM	New	EXXON MOBIL CORP	$1,765,000	–	21,338	–	0.24%	–
WELL	New	WELLTOWER INC	$1,709,000	–	27,267	–	0.23%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$1,692,000	–	6	–	0.23%	–
VTR	New	VENTAS INC	$1,374,000	–	24,122	–	0.18%	–
ES	New	EVERSOURCE ENERGY	$1,249,000	–	21,305	–	0.17%	–
BK	New	BANK NEW YORK MELLON CORP	$1,030,000	–	19,108	–	0.14%	–
CI	New	CIGNA CORP	$1,014,000	–	5,967	–	0.14%	–
INTC	New	INTEL CORP	$1,002,000	–	20,152	–	0.13%	–
JFR	New	NUVEEN FLOATING RATE INCOME	$917,000	–	87,712	–	0.12%	–
OKE	New	ONEOK INC NEW COM	$915,000	–	13,106	–	0.12%	–
ET	New	ENERGY TRANSFER EQUITY L P	$830,000	–	48,096	–	0.11%	–
DHR	New	DANAHER CORP	$799,000	–	8,099	–	0.11%	–
KRE	New	SPDR SERIES TRUSTs&p regl bkg	$791,000	–	12,960	–	0.11%	–
PEP	New	PEPSICO INC COM	$785,000	–	7,214	–	0.10%	–
CVX	New	CHEVRON CORP NEW	$769,000	–	6,083	–	0.10%	–
WMT	New	WALMART INC	$726,000	–	8,477	–	0.10%	–
PFE	New	PFIZER INC COM	$706,000	–	19,458	–	0.09%	–
AMZN	New	AMAZON.COM INC	$612,000	–	360	–	0.08%	–
PPL	New	PPL CORP	$600,000	–	21,007	–	0.08%	–
BCE	New	BCE INC	$585,000	–	14,459	–	0.08%	–
ECL	New	ECOLAB INC	$587,000	–	4,181	–	0.08%	–
NSC	New	NORFOLK SOUTHERN CRP	$520,000	–	3,448	–	0.07%	–
SCZ	New	ISHARES TReafe sml cp etf	$527,000	–	8,395	–	0.07%	–
CSX	New	CSX CORP	$522,000	–	8,183	–	0.07%	–
MKL	New	MARKEL CORP HOLDING CO	$504,000	–	465	–	0.07%	–
WFC	New	WELLS FARGO CO NEW	$488,000	–	8,810	–	0.06%	–
JPM	New	JPMORGAN CHASE & CO	$473,000	–	4,539	–	0.06%	–
ORCL	New	ORACLE CORPORATION	$460,000	–	10,439	–	0.06%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$458,000	–	1,675	–	0.06%	–
BPL	New	BUCKEYE PARTNERS UTS L Punit ltd partn	$444,000	–	12,630	–	0.06%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$408,000	–	3,043	–	0.06%	–
ITB	New	ISHARES TRus home cons etf	$382,000	–	10,000	–	0.05%	–
BBN	New	BLACKROCK TAX MUNICIPAL BD TR	$363,000	–	16,430	–	0.05%	–
PAA	New	PLAINS ALL AMERICAN PIPELINE LPunit ltd partn	$356,000	–	15,050	–	0.05%	–
BBT	New	BB&T CORP	$346,000	–	6,858	–	0.05%	–
ACN	New	ACCENTURE LTD BERMUDA	$339,000	–	2,074	–	0.04%	–
ISRG	New	INTUITIVE SURGICAL, INC.	$339,000	–	708	–	0.04%	–
BAC	New	BANK AMER CORP	$313,000	–	11,117	–	0.04%	–
GILD	New	GILEAD SCIENCES INC	$305,000	–	4,300	–	0.04%	–
NTCT	New	NETSCOUT SYS INC	$297,000	–	10,011	–	0.04%	–
AMGN	New	AMGEN INC	$295,000	–	1,600	–	0.04%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$293,000	–	4,875	–	0.04%	–
FTV	New	FORTIVE CORP	$274,000	–	3,549	–	0.04%	–
AZO	New	AUTOZONE INC	$268,000	–	400	–	0.04%	–
BIIB	New	BIOGEN INC	$261,000	–	900	–	0.04%	–
COP	New	CONOCOPHILLIPS	$260,000	–	3,733	–	0.04%	–
IGSB	New	ISHARES TR1-3 yr cr bd etf	$265,000	–	2,555	–	0.04%	–
ABBV	New	ABBVIE INC	$257,000	–	2,775	–	0.03%	–
PSX	New	PHILLIPS 66	$245,000	–	2,180	–	0.03%	–
LMT	New	LOCKHEED MARTIN CORP	$240,000	–	814	–	0.03%	–
UBSI	New	UNITED BANKSHARES INC W. VA	$237,000	–	6,511	–	0.03%	–
HD	New	HOME DEPOT	$241,000	–	1,234	–	0.03%	–
UTX	New	UNITED TECHNOLOGIES CORP	$230,000	–	1,839	–	0.03%	–
CSCO	New	CISCO SYS INC	$235,000	–	5,450	–	0.03%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$233,000	–	3,203	–	0.03%	–
PG	New	PROCTER AND GAMBLE CO	$229,000	–	2,932	–	0.03%	–
SYK	New	STRYKER CORP	$228,000	–	1,349	–	0.03%	–
WEC	New	WEC ENERGY GROUP INC	$216,000	–	3,335	–	0.03%	–
PX	New	PRAXAIR INC	$206,000	–	1,300	–	0.03%	–
MIC	New	MACQUARIE INFRASTRUCTURE CO TR	$211,000	–	5,000	–	0.03%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$205,000	–	3,701	–	0.03%	–
DLS	New	WISDOMTREE TRintl smcap div	$204,000	–	2,830	–	0.03%	–
PDT	New	JOHN HANCOCK PATRIOT PREMIUM DIV. FND. II	$165,000	–	10,000	–	0.02%	–
	New	TEVA PHARMACEUTICAL FIN LLCdbcv 0.250% 2/0	$54,000	–	58,000	–	0.01%	–

Q4 2017

			Value		Shares		↓ Weighting
NVAX	Exit	NOVAVAX INC	$0	–	-48,075	–	-0.01%	–
PDT	Exit	HANCOCK JOHN PREMUIM DIV FD	$0	–	-10,000	–	-0.02%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-3,203	–	-0.03%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-3,245	–	-0.03%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-860	–	-0.03%	–
AMZN	Exit	AMAZON COM INC	$0	–	-217	–	-0.03%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-4,108	–	-0.03%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-1,200	–	-0.03%	–
BAC	Exit	BANK AMER CORP	$0	–	-8,260	–	-0.03%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-3,335	–	-0.03%	–
FTV	Exit	FORTIVE CORP	$0	–	-3,174	–	-0.03%	–
BIIB	Exit	BIOGEN INC	$0	–	-725	–	-0.03%	–
AZO	Exit	AUTOZONE INC	$0	–	-400	–	-0.03%	–
STLD	Exit	STEEL DYNAMICS INC	$0	–	-6,895	–	-0.03%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-2,040	–	-0.03%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-3,701	–	-0.03%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-3,204	–	-0.03%	–
PSX	Exit	PHILLIPS 66	$0	–	-2,644	–	-0.03%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,502	–	-0.03%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,732	–	-0.03%	–
DWM	Exit	WISDOMTREE TRintl equity fd	$0	–	-4,558	–	-0.03%	–
DLR	Exit	DIGITAL RLTY TR INC	$0	–	-2,328	–	-0.04%	–
SDS	Exit	PROSHARES TRultrashrt s&p500	$0	–	-6,000	–	-0.04%	–
MON	Exit	MONSANTO CO NEW	$0	–	-2,344	–	-0.04%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-2,075	–	-0.04%	–
SYK	Exit	STRYKER CORP	$0	–	-2,050	–	-0.04%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-2,708	–	-0.04%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,642	–	-0.04%	–
DLS	Exit	WISDOMTREE TRintl smcap div	$0	–	-4,080	–	-0.04%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-2,568	–	-0.04%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-311	–	-0.04%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-4,240	–	-0.04%	–
NTCT	Exit	NETSCOUT SYS INC	$0	–	-10,251	–	-0.04%	–
MIC	Exit	MACQUARIE INFRASTRUCTURE COR	$0	–	-5,000	–	-0.05%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-1,675	–	-0.05%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-17,050	–	-0.05%	–
ITB	Exit	ISHARES TRus home cons etf	$0	–	-10,000	–	-0.05%	–
CG	Exit	CARLYLE GROUP L P	$0	–	-15,945	–	-0.05%	–
BBN	Exit	BLACKROCK TAX MUNICPAL BD TR	$0	–	-16,430	–	-0.05%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,550	–	-0.05%	–
IGSB	Exit	ISHARES TR1 3 yr cr bd etf	$0	–	-4,374	–	-0.06%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-3,448	–	-0.06%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-4,935	–	-0.06%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-6,425	–	-0.07%	–
MKL	Exit	MARKEL CORP	$0	–	-470	–	-0.07%	–
CSX	Exit	CSX CORP	$0	–	-10,183	–	-0.08%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-23,218	–	-0.08%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-7,654	–	-0.08%	–
SNHY	Exit	SUN HYDRAULICS CORP	$0	–	-11,155	–	-0.08%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-7,349	–	-0.08%	–
BCE	Exit	BCE INC	$0	–	-14,909	–	-0.09%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-14,334	–	-0.11%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-7,643	–	-0.12%	–
ECL	Exit	ECOLAB INC	$0	–	-7,081	–	-0.12%	–
PEP	Exit	PEPSICO INC	$0	–	-8,207	–	-0.12%	–
T	Exit	AT&T INC	$0	–	-23,385	–	-0.12%	–
PFE	Exit	PFIZER INC	$0	–	-25,988	–	-0.13%	–
BPL	Exit	BUCKEYE PARTNERS L Punit ltd partn	$0	–	-16,505	–	-0.13%	–
BACWSA	Exit	BANK AMER CORP*w exp 01/16/201	$0	–	-71,585	–	-0.13%	–
INTC	Exit	INTEL CORP	$0	–	-25,934	–	-0.13%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-19,108	–	-0.14%	–
JFR	Exit	NUVEEN FLOATING RATE INCOME	$0	–	-87,712	–	-0.14%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-14,122	–	-0.14%	–
ET	Exit	ENERGY TRANSFER EQUITY L P	$0	–	-61,496	–	-0.14%	–
PPL	Exit	PPL CORP	$0	–	-28,387	–	-0.15%	–
CI	Exit	CIGNA CORPORATION	$0	–	-5,967	–	-0.15%	–
EEQ	Exit	ENBRIDGE ENERGY MANAGEMENT L	$0	–	-78,921	–	-0.16%	–
UBSI	Exit	UNITED BANKSHARES INC WEST V	$0	–	-35,712	–	-0.18%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-24,639	–	-0.20%	–
BBT	Exit	BB&T CORP	$0	–	-32,578	–	-0.21%	–
VTR	Exit	VENTAS INC	$0	–	-25,917	–	-0.23%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-31,488	–	-0.23%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-22,810	–	-0.25%	–
WELL	Exit	WELLTOWER INC	$0	–	-28,535	–	-0.27%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-50,273	–	-0.30%	–
DCUD	Exit	DOMINION ENERGY INCunit 08/15/2019	$0	–	-43,110	–	-0.30%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-8,562	–	-0.31%	–
MGA	Exit	MAGNA INTL INC	$0	–	-43,442	–	-0.31%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-51,623	–	-0.33%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-23,733	–	-0.35%	–
ADNT	Exit	ADIENT PLC	$0	–	-31,317	–	-0.36%	–
GBDC	Exit	GOLUB CAP BDC INC	$0	–	-158,611	–	-0.40%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-42,277	–	-0.48%	–
ORAN	Exit	ORANGEsponsored adr	$0	–	-222,810	–	-0.50%	–
BACPRL	Exit	BANK AMER CORP7.25%cnv pfd l	$0	–	-2,862	–	-0.50%	–
EQCPRD	Exit	EQUITY COMWLTHcum pfd s d 6.5%	$0	–	-139,999	–	-0.50%	–
HCP	Exit	HCP INC	$0	–	-137,930	–	-0.52%	–
WR	Exit	WESTAR ENERGY INC	$0	–	-82,026	–	-0.55%	–
SRCLP	Exit	STERICYCLE INCdep pfd a 1/10	$0	–	-69,520	–	-0.55%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-122,945	–	-0.57%	–
D	Exit	DOMINION ENERGY INC	$0	–	-55,377	–	-0.58%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-66,780	–	-0.64%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-145,843	–	-0.66%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-167,654	–	-0.66%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-18	–	-0.67%	–
WFCPRL	Exit	WELLS FARGO CO NEWperp pfd cnv a	$0	–	-3,798	–	-0.68%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-147,847	–	-0.70%	–
LAMR	Exit	LAMAR ADVERTISING CO NEWcl a	$0	–	-82,668	–	-0.77%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-317,904	–	-0.82%	–
RLJPRA	Exit	RLJ LODGING TRcum conv pfd a	$0	–	-226,487	–	-0.85%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-76,397	–	-0.87%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-256,290	–	-0.90%	–
SO	Exit	SOUTHERN CO	$0	–	-136,311	–	-0.91%	–
V	Exit	VISA INC	$0	–	-64,779	–	-0.92%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-138,474	–	-0.93%	–
ENB	Exit	ENBRIDGE INC	$0	–	-171,823	–	-0.97%	–
APU	Exit	AMERIGAS PARTNERS L Punit l p int	$0	–	-161,455	–	-0.98%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-49,621	–	-0.98%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-92,779	–	-1.14%	–
DIS	Exit	DISNEY WALT CO	$0	–	-87,103	–	-1.16%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-4,742	–	-1.17%	–
BLK	Exit	BLACKROCK INC	$0	–	-20,167	–	-1.22%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-128,376	–	-1.22%	–
MRK	Exit	MERCK & CO INC	$0	–	-142,015	–	-1.23%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-49,315	–	-1.27%	–
O	Exit	REALTY INCOME CORP	$0	–	-179,102	–	-1.38%	–
BTZ	Exit	BLACKROCK CR ALLCTN INC TR	$0	–	-756,233	–	-1.39%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-85,660	–	-1.39%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-80,268	–	-1.41%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-10,960	–	-1.44%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-218,323	–	-1.46%	–
ARCC	Exit	ARES CAP CORP	$0	–	-677,407	–	-1.50%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-137,695	–	-1.51%	–
TWX	Exit	TIME WARNER INC	$0	–	-112,376	–	-1.56%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-288,805	–	-1.57%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-183,943	–	-1.58%	–
BXMT	Exit	BLACKSTONE MTG TR INC	$0	–	-397,571	–	-1.67%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-60,485	–	-1.68%	–
FDC	Exit	FIRST DATA CORP NEW	$0	–	-711,579	–	-1.74%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-244,858	–	-1.85%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-138,755	–	-1.88%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-170,955	–	-1.96%	–
BA	Exit	BOEING CO	$0	–	-59,408	–	-2.04%	–
GM	Exit	GENERAL MTRS CO	$0	–	-406,996	–	-2.22%	–
ANTM	Exit	ANTHEM INC	$0	–	-90,811	–	-2.33%	–
URI	Exit	UNITED RENTALS INC	$0	–	-128,779	–	-2.42%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-208,084	–	-2.42%	–
MMM	Exit	3M CO	$0	–	-89,953	–	-2.55%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-20,784	–	-2.70%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-162,267	–	-2.96%	–
LOW	Exit	LOWES COS INC	$0	–	-354,878	–	-3.84%	–
AAPL	Exit	APPLE INC	$0	–	-202,118	–	-4.21%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-418,156	–	-4.21%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-219,034	–	-5.43%	–

Q3 2017

			Value		Shares		↓ Weighting
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$40,153,000	+7.9%	219,034	-0.3%	5.43%	+7.0%
AAPL	Sell	APPLE INC	$31,150,000	+6.3%	202,118	-0.8%	4.21%	+5.4%
MSFT	Sell	MICROSOFT CORP	$31,148,000	+7.2%	418,156	-0.9%	4.21%	+6.3%
LOW	Sell	LOWES COS INC	$28,369,000	+2.5%	354,878	-0.6%	3.84%	+1.6%
PNC	Sell	PNC FINL SVCS GROUP INC	$21,869,000	+5.5%	162,267	-2.3%	2.96%	+4.6%
GOOG	Sell	ALPHABET INCcap stk cl c	$19,934,000	+5.2%	20,784	-0.4%	2.70%	+4.3%
MMM	Sell	3M CO	$18,881,000	-0.7%	89,953	-1.6%	2.55%	-1.5%
URI	Sell	UNITED RENTALS INC	$17,867,000	+23.2%	128,779	-0.0%	2.42%	+22.1%
NVS	Sell	NOVARTIS A Gsponsored adr	$17,864,000	+2.0%	208,084	-0.8%	2.42%	+1.1%
ANTM	Sell	ANTHEM INC	$17,243,000	-1.6%	90,811	-2.6%	2.33%	-2.4%
GM	Sell	GENERAL MTRS CO	$16,434,000	+15.1%	406,996	-0.5%	2.22%	+14.1%
BA	Sell	BOEING CO	$15,102,000	+27.0%	59,408	-1.2%	2.04%	+26.0%
COF	Sell	CAPITAL ONE FINL CORP	$14,473,000	+1.8%	170,955	-0.7%	1.96%	+0.9%
CCI	Sell	CROWN CASTLE INTL CORP NEW	$13,873,000	-1.3%	138,755	-1.1%	1.88%	-2.1%
LUV	Sell	SOUTHWEST AIRLS CO	$13,707,000	-11.3%	244,858	-1.6%	1.85%	-12.1%
FDC	Buy	FIRST DATA CORP NEW	$12,837,000	-0.3%	711,579	+0.5%	1.74%	-1.2%
GD	Sell	GENERAL DYNAMICS CORP	$12,435,000	+3.7%	60,485	-0.3%	1.68%	+2.8%
BXMT	Sell	BLACKSTONE MTG TR INC	$12,333,000	-2.0%	397,571	-0.1%	1.67%	-2.8%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$11,647,000	-2.3%	183,943	-1.4%	1.58%	-3.1%
JCI	Sell	JOHNSON CTLS INTL PLC	$11,636,000	-12.0%	288,805	-5.4%	1.57%	-12.7%
TWX	Sell	TIME WARNER INC	$11,513,000	+0.9%	112,376	-1.3%	1.56%	0.0%
GILD	Sell	GILEAD SCIENCES INC	$11,156,000	+13.6%	137,695	-0.7%	1.51%	+12.6%
ARCC	Buy	ARES CAP CORP	$11,103,000	+0.5%	677,407	+0.4%	1.50%	-0.4%
VZ	Sell	VERIZON COMMUNICATIONS INC	$10,805,000	+9.3%	218,323	-1.4%	1.46%	+8.3%
GOOGL	Sell	ALPHABET INCcap stk cl a	$10,672,000	+3.4%	10,960	-1.4%	1.44%	+2.4%
JNJ	Sell	JOHNSON & JOHNSON	$10,436,000	-2.8%	80,268	-1.1%	1.41%	-3.6%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$10,287,000	+7.0%	85,660	-1.5%	1.39%	+6.0%
BTZ	Sell	BLACKROCK CR ALLCTN INC TR	$10,262,000	-0.0%	756,233	-0.9%	1.39%	-0.9%
O	Sell	REALTY INCOME CORP	$10,243,000	+3.0%	179,102	-0.6%	1.38%	+2.1%
AMG	Buy	AFFILIATED MANAGERS GROUP	$9,361,000	+19.4%	49,315	+4.3%	1.27%	+18.3%
MRK	Sell	MERCK & CO INC	$9,093,000	-2.5%	142,015	-2.4%	1.23%	-3.3%
AEP	Sell	AMERICAN ELEC PWR INC	$9,017,000	+0.1%	128,376	-1.0%	1.22%	-0.7%
BLK	Sell	BLACKROCK INC	$9,016,000	+5.3%	20,167	-0.5%	1.22%	+4.4%
PCLN	Buy	PRICELINE GRP INC	$8,682,000	-0.8%	4,742	+1.3%	1.17%	-1.7%
DIS	Sell	DISNEY WALT CO	$8,586,000	-7.9%	87,103	-0.8%	1.16%	-8.7%
EMN	Sell	EASTMAN CHEM CO	$8,396,000	+3.9%	92,779	-3.6%	1.14%	+3.1%
NEE	Sell	NEXTERA ENERGY INC	$7,272,000	+4.5%	49,621	-0.1%	0.98%	+3.7%
APU	Sell	AMERIGAS PARTNERS L Punit l p int	$7,256,000	-2.2%	161,455	-1.7%	0.98%	-3.1%
ENB	Buy	ENBRIDGE INC	$7,189,000	+11.8%	171,823	+6.3%	0.97%	+10.7%
WSM	Buy	WILLIAMS SONOMA INC	$6,904,000	+4.0%	138,474	+1.1%	0.93%	+3.1%
V	Buy	VISA INC	$6,817,000	+18.2%	64,779	+5.3%	0.92%	+17.2%
SO	Sell	SOUTHERN CO	$6,698,000	-2.2%	136,311	-4.7%	0.91%	-3.0%
EPD	Buy	ENTERPRISE PRODS PARTNERS L	$6,681,000	-3.1%	256,290	+0.7%	0.90%	-3.8%
DUK	Buy	DUKE ENERGY CORP NEW	$6,411,000	+1.3%	76,397	+0.9%	0.87%	+0.3%
RLJPRA	New	RLJ LODGING TRcum conv pfd a	$6,301,000	–	226,487	–	0.85%	–
KMI	Sell	KINDER MORGAN INC DEL	$6,097,000	-3.3%	317,904	-3.4%	0.82%	-4.1%
LAMR	Buy	LAMAR ADVERTISING CO NEWcl a	$5,665,000	-3.8%	82,668	+3.2%	0.77%	-4.7%
PBA	Sell	PEMBINA PIPELINE CORP	$5,189,000	+5.4%	147,847	-0.5%	0.70%	+4.5%
WFCPRL	Sell	WELLS FARGO CO NEWperp pfd cnv a	$4,994,000	-0.8%	3,798	-1.1%	0.68%	-1.7%
CNP	Sell	CENTERPOINT ENERGY INC	$4,897,000	+5.9%	167,654	-0.7%	0.66%	+4.9%
BX	Buy	BLACKSTONE GROUP L P	$4,867,000	+24.8%	145,843	+24.7%	0.66%	+23.7%
MMP	Buy	MAGELLAN MIDSTREAM PRTNRS LP	$4,745,000	+4.7%	66,780	+5.1%	0.64%	+3.9%
D	Sell	DOMINION ENERGY INC	$4,260,000	-0.1%	55,377	-0.5%	0.58%	-1.0%
WY	Sell	WEYERHAEUSER CO	$4,184,000	-0.1%	122,945	-1.6%	0.57%	-0.9%
SRCLP	Sell	STERICYCLE INCdep pfd a 1/10	$4,091,000	-12.9%	69,520	-0.9%	0.55%	-13.7%
WR	Sell	WESTAR ENERGY INC	$4,068,000	-10.3%	82,026	-4.1%	0.55%	-11.0%
HCP	Sell	HCP INC	$3,839,000	-14.8%	137,930	-2.2%	0.52%	-15.6%
EQCPRD	Sell	EQUITY COMWLTHcum pfd s d 6.5%	$3,728,000	+0.4%	139,999	-1.8%	0.50%	-0.6%
BACPRL	Sell	BANK AMER CORP7.25%cnv pfd l	$3,725,000	+2.0%	2,862	-1.1%	0.50%	+1.2%
ORAN	Sell	ORANGEsponsored adr	$3,659,000	-0.4%	222,810	-3.1%	0.50%	-1.2%
ATO	Sell	ATMOS ENERGY CORP	$3,545,000	+0.9%	42,277	-0.1%	0.48%	0.0%
GBDC	Sell	GOLUB CAP BDC INC	$2,985,000	-2.5%	158,611	-1.0%	0.40%	-3.3%
ADNT	Sell	ADIENT PLC	$2,630,000	+23.8%	31,317	-3.7%	0.36%	+22.8%
AGG	New	ISHARES TRcore us aggbd et	$2,601,000	–	23,733	–	0.35%	–
XEL	Sell	XCEL ENERGY INC	$2,443,000	+2.8%	51,623	-0.3%	0.33%	+1.9%
MGA	Buy	MAGNA INTL INC	$2,319,000	+29.0%	43,442	+12.0%	0.31%	+28.2%
DCUD	Buy	DOMINION ENERGY INCunit 08/15/2019	$2,188,000	+16.1%	43,110	+15.1%	0.30%	+15.2%
WELL	Sell	WELLTOWER INC	$2,005,000	-7.0%	28,535	-0.9%	0.27%	-7.8%
XOM	Sell	EXXON MOBIL CORP	$1,870,000	-0.8%	22,810	-2.3%	0.25%	-1.6%
IEMG	New	ISHARES INCcore msci emkt	$1,701,000	–	31,488	–	0.23%	–
VTR	Sell	VENTAS INC	$1,688,000	-7.6%	25,917	-1.5%	0.23%	-8.4%
EEQ	Sell	ENBRIDGE ENERGY MANAGEMENT L	$1,220,000	-23.3%	78,921	-23.5%	0.16%	-24.0%
PPL	Sell	PPL CORP	$1,077,000	-4.1%	28,387	-2.2%	0.15%	-4.6%
ET	Sell	ENERGY TRANSFER EQUITY L P	$1,069,000	-5.8%	61,496	-2.7%	0.14%	-6.5%
IJR	Buy	ISHARES TRcore s&p scp etf	$1,048,000	+46.6%	14,122	+38.5%	0.14%	+44.9%
JFR	Sell	NUVEEN FLOATING RATE INCOME	$1,027,000	-1.7%	87,712	-0.5%	0.14%	-2.8%
INTC	Buy	INTEL CORP	$988,000	+16.0%	25,934	+2.7%	0.13%	+15.5%
BACWSA	Buy	BANK AMER CORP*w exp 01/16/201	$948,000	+15.2%	71,585	+4.7%	0.13%	+14.3%
BPL	Sell	BUCKEYE PARTNERS L Punit ltd partn	$941,000	-13.5%	16,505	-3.1%	0.13%	-14.2%
PEP	Buy	PEPSICO INC	$915,000	-2.6%	8,207	+1.0%	0.12%	-3.1%
T	Buy	AT&T INC	$916,000	+9.0%	23,385	+5.0%	0.12%	+7.8%
ECL	Sell	ECOLAB INC	$911,000	-12.4%	7,081	-9.6%	0.12%	-13.4%
CVX	Sell	CHEVRON CORP NEW	$898,000	+9.8%	7,643	-2.6%	0.12%	+8.0%
SNHY	Sell	SUN HYDRAULICS CORP	$602,000	+25.4%	11,155	-0.9%	0.08%	+24.6%
GE	Sell	GENERAL ELECTRIC CO	$561,000	-93.6%	23,218	-92.9%	0.08%	-93.7%
JPM	Buy	JPMORGAN CHASE & CO	$471,000	+8.5%	4,935	+3.9%	0.06%	+8.5%
IGSB	Buy	ISHARES TR1 3 yr cr bd etf	$461,000	+17.9%	4,374	+17.9%	0.06%	+17.0%
IVV	Buy	ISHARES TRcore s&p500 etf	$392,000	+7.4%	1,550	+3.4%	0.05%	+6.0%
CG	Buy	CARLYLE GROUP L P	$376,000	+30.6%	15,945	+9.3%	0.05%	+30.8%
MDT	New	MEDTRONIC PLC	$330,000	–	4,240	–	0.04%	–
DLS	Sell	WISDOMTREE TRintl smcap div	$302,000	-13.7%	4,080	-22.0%	0.04%	-14.6%
PM	Sell	PHILIP MORRIS INTL INC	$293,000	-15.3%	2,642	-10.4%	0.04%	-14.9%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$296,000	0.0%	2,708	-7.2%	0.04%	0.0%
SDS	New	PROSHARES TRultrashrt s&p500	$280,000	–	6,000	–	0.04%	–
DWM	Sell	WISDOMTREE TRintl equity fd	$248,000	-18.7%	4,558	-24.8%	0.03%	-19.0%
ABBV	Sell	ABBVIE INC	$243,000	+15.7%	2,732	-5.5%	0.03%	+13.8%
PSX	Sell	PHILLIPS 66	$242,000	+5.7%	2,644	-4.3%	0.03%	+6.5%
STLD	Buy	STEEL DYNAMICS INC	$238,000	+10.7%	6,895	+14.6%	0.03%	+10.3%
UTX	Buy	UNITED TECHNOLOGIES CORP	$237,000	+0.9%	2,040	+6.0%	0.03%	0.0%
BIIB	New	BIOGEN INC	$227,000	–	725	–	0.03%	–
BAC	New	BANK AMER CORP	$209,000	–	8,260	–	0.03%	–
FB	New	FACEBOOK INCcl a	$205,000	–	1,200	–	0.03%	–
GS	New	GOLDMAN SACHS GROUP INC	$204,000	–	860	–	0.03%	–
IEFA	New	ISHARES TRcore msci eafe	$208,000	–	3,245	–	0.03%	–
AMZN	New	AMAZON COM INC	$209,000	–	217	–	0.03%	–
COP	New	CONOCOPHILLIPS	$206,000	–	4,108	–	0.03%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$200,000	–	3,203	–	0.03%	–
NVAX	New	NOVAVAX INC	$55,000	–	48,075	–	0.01%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-9,940	–	-0.08%	–
FCHPRA	Exit	FELCOR LODGING TR INCpfd cv a $1.95	$0	–	-223,877	–	-0.85%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-134,261	–	-0.86%	–
FL	Exit	FOOT LOCKER INC	$0	–	-171,436	–	-1.15%	–

Q2 2017

			Value		Shares		↓ Weighting
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$37,216,000	–	219,801	–	5.08%	–
AAPL	New	APPLE INC	$29,303,000	–	203,654	–	4.00%	–
MSFT	New	MICROSOFT CORP	$29,064,000	–	421,883	–	3.96%	–
LOW	New	LOWES COS INC	$27,668,000	–	356,921	–	3.78%	–
PNC	New	PNC FINL SVCS GROUP INC	$20,728,000	–	166,147	–	2.83%	–
MMM	New	3M CO	$19,015,000	–	91,378	–	2.59%	–
GOOG	New	ALPHABET INCcap stk cl c	$18,956,000	–	20,871	–	2.59%	–
ANTM	New	ANTHEM INC	$17,518,000	–	93,217	–	2.39%	–
NVS	New	NOVARTIS A Gsponsored adr	$17,510,000	–	209,848	–	2.39%	–
LUV	New	SOUTHWEST AIRLS CO	$15,456,000	–	248,731	–	2.11%	–
URI	New	UNITED RENTALS INC	$14,508,000	–	128,814	–	1.98%	–
GM	New	GENERAL MTRS CO	$14,282,000	–	408,877	–	1.95%	–
COF	New	CAPITAL ONE FINL CORP	$14,219,000	–	172,195	–	1.94%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$14,052,000	–	140,272	–	1.92%	–
JCI	New	JOHNSON CTLS INTL PLC	$13,225,000	–	305,217	–	1.80%	–
FDC	New	FIRST DATA CORP NEW	$12,882,000	–	707,784	–	1.76%	–
BXMT	New	BLACKSTONE MTG TR INC	$12,581,000	–	398,131	–	1.72%	–
GD	New	GENERAL DYNAMICS CORP	$11,988,000	–	60,666	–	1.64%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$11,916,000	–	186,578	–	1.63%	–
BA	New	BOEING CO	$11,889,000	–	60,122	–	1.62%	–
TWX	New	TIME WARNER INC	$11,411,000	–	113,836	–	1.56%	–
ARCC	New	ARES CAP CORP	$11,051,000	–	674,639	–	1.51%	–
JNJ	New	JOHNSON & JOHNSON	$10,732,000	–	81,168	–	1.46%	–
GOOGL	New	ALPHABET INCcap stk cl a	$10,325,000	–	11,117	–	1.41%	–
BTZ	New	BLACKROCK CR ALLCTN INC TR	$10,265,000	–	763,221	–	1.40%	–
O	New	REALTY INCOME CORP	$9,946,000	–	180,247	–	1.36%	–
VZ	New	VERIZON COMMUNICATIONS INC	$9,888,000	–	221,401	–	1.35%	–
GILD	New	GILEAD SCIENCES INC	$9,823,000	–	138,618	–	1.34%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$9,613,000	–	86,958	–	1.31%	–
MRK	New	MERCK & CO INC	$9,325,000	–	145,500	–	1.27%	–
DIS	New	DISNEY WALT CO	$9,325,000	–	87,769	–	1.27%	–
AEP	New	AMERICAN ELEC PWR INC	$9,010,000	–	129,703	–	1.23%	–
GE	New	GENERAL ELECTRIC CO	$8,804,000	–	325,739	–	1.20%	–
PCLN	New	PRICELINE GRP INC	$8,754,000	–	4,680	–	1.19%	–
BLK	New	BLACKROCK INC	$8,559,000	–	20,262	–	1.17%	–
FL	New	FOOT LOCKER INC	$8,448,000	–	171,436	–	1.15%	–
EMN	New	EASTMAN CHEM CO	$8,079,000	–	96,237	–	1.10%	–
AMG	New	AFFILIATED MANAGERS GROUP	$7,842,000	–	47,279	–	1.07%	–
APU	New	AMERIGAS PARTNERS L Punit l p int	$7,418,000	–	164,215	–	1.01%	–
NEE	New	NEXTERA ENERGY INC	$6,958,000	–	49,652	–	0.95%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$6,893,000	–	254,555	–	0.94%	–
SO	New	SOUTHERN CO	$6,849,000	–	143,036	–	0.93%	–
WSM	New	WILLIAMS SONOMA INC	$6,640,000	–	136,913	–	0.91%	–
ENB	New	ENBRIDGE INC	$6,433,000	–	161,593	–	0.88%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$6,338,000	–	134,261	–	0.86%	–
DUK	New	DUKE ENERGY CORP NEW	$6,331,000	–	75,742	–	0.86%	–
KMI	New	KINDER MORGAN INC DEL	$6,306,000	–	329,213	–	0.86%	–
FCHPRA	New	FELCOR LODGING TR INCpfd cv a $1.95	$6,246,000	–	223,877	–	0.85%	–
LAMR	New	LAMAR ADVERTISING CO NEWcl a	$5,891,000	–	80,073	–	0.80%	–
V	New	VISA INC	$5,769,000	–	61,513	–	0.79%	–
WFCPRL	New	WELLS FARGO CO NEWperp pfd cnv a	$5,036,000	–	3,841	–	0.69%	–
PBA	New	PEMBINA PIPELINE CORP	$4,922,000	–	148,601	–	0.67%	–
SRCLP	New	STERICYCLE INCdep pfd a 1/10	$4,698,000	–	70,180	–	0.64%	–
CNP	New	CENTERPOINT ENERGY INC	$4,624,000	–	168,890	–	0.63%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$4,585,000	–	18	–	0.63%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$4,530,000	–	63,565	–	0.62%	–
WR	New	WESTAR ENERGY INC	$4,533,000	–	85,491	–	0.62%	–
HCP	New	HCP INC	$4,507,000	–	141,011	–	0.62%	–
D	New	DOMINION ENERGY INC	$4,264,000	–	55,639	–	0.58%	–
WY	New	WEYERHAEUSER CO	$4,187,000	–	124,986	–	0.57%	–
BX	New	BLACKSTONE GROUP L P	$3,900,000	–	116,933	–	0.53%	–
EQCPRD	New	EQUITY COMWLTHcum pfd s d 6.5%	$3,714,000	–	142,634	–	0.51%	–
ORAN	New	ORANGEsponsored adr	$3,674,000	–	229,910	–	0.50%	–
BACPRL	New	BANK AMER CORP7.25%cnv pfd l	$3,651,000	–	2,893	–	0.50%	–
ATO	New	ATMOS ENERGY CORP	$3,512,000	–	42,337	–	0.48%	–
GBDC	New	GOLUB CAP BDC INC	$3,063,000	–	160,173	–	0.42%	–
XEL	New	XCEL ENERGY INC	$2,376,000	–	51,798	–	0.32%	–
CSGP	New	COSTAR GROUP INC	$2,257,000	–	8,562	–	0.31%	–
WELL	New	WELLTOWER INC	$2,155,000	–	28,784	–	0.29%	–
ADNT	New	ADIENT PLC	$2,125,000	–	32,509	–	0.29%	–
EZU	New	ISHARESmsci eurzone etf	$2,027,000	–	50,273	–	0.28%	–
XOM	New	EXXON MOBIL CORP	$1,885,000	–	23,344	–	0.26%	–
DCUD	New	DOMINION ENERGY INCunit 08/15/2019	$1,885,000	–	37,470	–	0.26%	–
VTR	New	VENTAS INC	$1,827,000	–	26,302	–	0.25%	–
MGA	New	MAGNA INTL INC	$1,797,000	–	38,782	–	0.24%	–
EEQ	New	ENBRIDGE ENERGY MANAGEMENT L	$1,590,000	–	103,190	–	0.22%	–
ES	New	EVERSOURCE ENERGY	$1,496,000	–	24,639	–	0.20%	–
BBT	New	BB&T CORP	$1,479,000	–	32,578	–	0.20%	–
UBSI	New	UNITED BANKSHARES INC WEST V	$1,400,000	–	35,712	–	0.19%	–
ET	New	ENERGY TRANSFER EQUITY L P	$1,135,000	–	63,196	–	0.16%	–
PPL	New	PPL CORP	$1,123,000	–	29,036	–	0.15%	–
BPL	New	BUCKEYE PARTNERS L Punit ltd partn	$1,088,000	–	17,025	–	0.15%	–
JFR	New	NUVEEN FLOATING RATE INCOME	$1,045,000	–	88,162	–	0.14%	–
ECL	New	ECOLAB INC	$1,040,000	–	7,836	–	0.14%	–
CI	New	CIGNA CORPORATION	$999,000	–	5,967	–	0.14%	–
BK	New	BANK NEW YORK MELLON CORP	$975,000	–	19,108	–	0.13%	–
PEP	New	PEPSICO INC	$939,000	–	8,129	–	0.13%	–
PFE	New	PFIZER INC	$873,000	–	25,988	–	0.12%	–
INTC	New	INTEL CORP	$852,000	–	25,264	–	0.12%	–
T	New	AT&T INC	$840,000	–	22,273	–	0.12%	–
BACWSA	New	BANK AMER CORP*w exp 01/16/201	$823,000	–	68,360	–	0.11%	–
CVX	New	CHEVRON CORP NEW	$818,000	–	7,844	–	0.11%	–
WFC	New	WELLS FARGO CO NEW	$794,000	–	14,334	–	0.11%	–
IJR	New	ISHARES TRcore s&p scp etf	$715,000	–	10,197	–	0.10%	–
BCE	New	BCE INC	$672,000	–	14,909	–	0.09%	–
DHR	New	DANAHER CORP DEL	$620,000	–	7,349	–	0.08%	–
EMR	New	EMERSON ELEC CO	$589,000	–	9,940	–	0.08%	–
WMT	New	WAL-MART STORES INC	$579,000	–	7,654	–	0.08%	–
CSX	New	CSX CORP	$556,000	–	10,183	–	0.08%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$503,000	–	6,425	–	0.07%	–
SNHY	New	SUN HYDRAULICS CORP	$480,000	–	11,255	–	0.06%	–
MKL	New	MARKEL CORP	$459,000	–	470	–	0.06%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$448,000	–	17,050	–	0.06%	–
JPM	New	JPMORGAN CHASE & CO	$434,000	–	4,749	–	0.06%	–
NSC	New	NORFOLK SOUTHERN CORP	$420,000	–	3,448	–	0.06%	–
MIC	New	MACQUARIE INFRASTRUCTURE COR	$392,000	–	5,000	–	0.05%	–
IGSB	New	ISHARES TR1-3 yr cr bd etf	$391,000	–	3,710	–	0.05%	–
BBN	New	BLACKROCK TAX MUNICPAL BD TR	$376,000	–	16,430	–	0.05%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$366,000	–	1,675	–	0.05%	–
IVV	New	ISHARES TRcore s&p500 etf	$365,000	–	1,499	–	0.05%	–
DLS	New	WISDOMTREE TRintl smcap div	$350,000	–	5,230	–	0.05%	–
NTCT	New	NETSCOUT SYS INC	$353,000	–	10,251	–	0.05%	–
PM	New	PHILIP MORRIS INTL INC	$346,000	–	2,949	–	0.05%	–
ITB	New	ISHARES TRus home cons etf	$339,000	–	10,000	–	0.05%	–
DWM	New	WISDOMTREE TRintl equity fd	$305,000	–	6,058	–	0.04%	–
IWF	New	ISHARES TRrus 1000 grw etf	$306,000	–	2,568	–	0.04%	–
ISRG	New	INTUITIVE SURGICAL INC	$291,000	–	311	–	0.04%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$296,000	–	2,918	–	0.04%	–
SYK	New	STRYKER CORP	$284,000	–	2,050	–	0.04%	–
CG	New	CARLYLE GROUP L P	$288,000	–	14,585	–	0.04%	–
MON	New	MONSANTO CO NEW	$277,000	–	2,344	–	0.04%	–
DLR	New	DIGITAL RLTY TR INC	$263,000	–	2,328	–	0.04%	–
ACN	New	ACCENTURE PLC IRELAND	$257,000	–	2,075	–	0.04%	–
UTX	New	UNITED TECHNOLOGIES CORP	$235,000	–	1,925	–	0.03%	–
CL	New	COLGATE PALMOLIVE CO	$238,000	–	3,204	–	0.03%	–
AZO	New	AUTOZONE INC	$228,000	–	400	–	0.03%	–
HD	New	HOME DEPOT INC	$230,000	–	1,502	–	0.03%	–
PSX	New	PHILLIPS 66	$229,000	–	2,764	–	0.03%	–
ABBV	New	ABBVIE INC	$210,000	–	2,892	–	0.03%	–
STLD	New	STEEL DYNAMICS INC	$215,000	–	6,015	–	0.03%	–
WEC	New	WEC ENERGY GROUP INC	$205,000	–	3,335	–	0.03%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$206,000	–	3,701	–	0.03%	–
FTV	New	FORTIVE CORP	$201,000	–	3,174	–	0.03%	–
PDT	New	HANCOCK JOHN PREMUIM DIV FD	$168,000	–	10,000	–	0.02%	–

Q4 2016

			Value		Shares		↓ Weighting
NVAX	Exit	NOVAVAX INC	$0	–	-15,000	–	-0.01%	–
PDT	Exit	HANCOCK JOHN PREMUIM DIV FD	$0	–	-10,000	–	-0.02%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-16,750	–	-0.03%	–
YUM	Exit	YUM BRANDS INC	$0	–	-2,360	–	-0.03%	–
CRT	Exit	CROSS TIMBERS RTY TRtr unit	$0	–	-12,280	–	-0.03%	–
BIIB	Exit	BIOGEN INC	$0	–	-725	–	-0.04%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-2,653	–	-0.04%	–
CSX	Exit	CSX CORP	$0	–	-7,779	–	-0.04%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-3,706	–	-0.04%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-2,075	–	-0.04%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-3,404	–	-0.04%	–
IGSB	Exit	ISHARES TR1-3 yr cr bd etf	$0	–	-2,425	–	-0.04%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-2,918	–	-0.04%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,706	–	-0.04%	–
ITB	Exit	ISHARES TRus home cons etf	$0	–	-10,000	–	-0.04%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-9,050	–	-0.04%	–
NTCT	Exit	NETSCOUT SYS INC	$0	–	-10,251	–	-0.05%	–
AZO	Exit	AUTOZONE INC	$0	–	-400	–	-0.05%	–
MON	Exit	MONSANTO CO NEW	$0	–	-3,144	–	-0.05%	–
DWM	Exit	WISDOMTREE TRintl equity fd	$0	–	-6,988	–	-0.05%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-3,648	–	-0.05%	–
DLS	Exit	WISDOMTREE TRintl smcap div	$0	–	-6,230	–	-0.06%	–
BBN	Exit	BLACKROCK TAX MUNICPAL BD TR	$0	–	-16,430	–	-0.06%	–
EEP	Exit	ENBRIDGE ENERGY PARTNERS L P	$0	–	-16,162	–	-0.06%	–
MIC	Exit	MACQUARIE INFRASTRUCTURE COR	$0	–	-5,000	–	-0.06%	–
UBSI	Exit	UNITED BANKSHARES INC WEST V	$0	–	-11,702	–	-0.07%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-1,675	–	-0.07%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-6,455	–	-0.08%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-6,425	–	-0.08%	–
BBT	Exit	BB&T CORP	$0	–	-14,018	–	-0.08%	–
MKL	Exit	MARKEL CORP	$0	–	-570	–	-0.08%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-13,982	–	-0.10%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-8,955	–	-0.10%	–
INTC	Exit	INTEL CORP	$0	–	-17,928	–	-0.10%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-17,108	–	-0.10%	–
BCE	Exit	BCE INC	$0	–	-15,148	–	-0.11%	–
T	Exit	AT&T INC	$0	–	-17,416	–	-0.11%	–
PEP	Exit	PEPSICO INC	$0	–	-6,839	–	-0.11%	–
CI	Exit	CIGNA CORPORATION	$0	–	-5,967	–	-0.12%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-8,052	–	-0.13%	–
PFE	Exit	PFIZER INC	$0	–	-24,909	–	-0.13%	–
JFR	Exit	NUVEEN FLOATING RATE INCOME	$0	–	-88,162	–	-0.15%	–
PPL	Exit	PPL CORP	$0	–	-29,010	–	-0.15%	–
ET	Exit	ENERGY TRANSFER EQUITY L P	$0	–	-65,096	–	-0.17%	–
BPL	Exit	BUCKEYE PARTNERS L Punit ltd partn	$0	–	-18,120	–	-0.20%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-24,912	–	-0.21%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-10,605	–	-0.24%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-19,144	–	-0.26%	–
EZU	Exit	ISHARESmsci eurzone etf	$0	–	-50,090	–	-0.27%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-8	–	-0.27%	–
WELL	Exit	WELLTOWER INC	$0	–	-25,406	–	-0.29%	–
VTR	Exit	VENTAS INC	$0	–	-27,939	–	-0.30%	–
AESPRC	Exit	AES TR IIIpfd cv 6.75%	$0	–	-42,213	–	-0.33%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-55,801	–	-0.35%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-30,947	–	-0.38%	–
EEQ	Exit	ENBRIDGE ENERGY MANAGEMENT L	$0	–	-111,054	–	-0.44%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-41,635	–	-0.45%	–
GBDC	Exit	GOLUB CAP BDC INC	$0	–	-168,625	–	-0.48%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-44,384	–	-0.51%	–
BACPRL	Exit	BANK AMER CORP7.25%cnv pfd l	$0	–	-2,980	–	-0.56%	–
ORAN	Exit	ORANGEsponsored adr	$0	–	-250,930	–	-0.60%	–
EQCPRD	Exit	EQUITY COMWLTHcum pfd s d 6.5%	$0	–	-150,214	–	-0.63%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-127,975	–	-0.63%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-176,285	–	-0.63%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-55,899	–	-0.64%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-2,843	–	-0.64%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-49,297	–	-0.71%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-157,033	–	-0.74%	–
WR	Exit	WESTAR ENERGY INC	$0	–	-88,696	–	-0.77%	–
WFCPRL	Exit	WELLS FARGO & CO NEWperp pfd cnv a	$0	–	-3,919	–	-0.79%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-194,075	–	-0.82%	–
FCHPRA	Exit	FELCOR LODGING TR INCpfd cv a $1.95	$0	–	-225,745	–	-0.87%	–
CBI	Exit	CHICAGO BRIDGE & IRON CO N V	$0	–	-206,315	–	-0.89%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-114,318	–	-0.90%	–
SRCLP	Exit	STERICYCLE INCdep pfd a 1/10	$0	–	-93,520	–	-0.95%	–
APU	Exit	AMERIGAS PARTNERS L Punit l p int	$0	–	-136,033	–	-0.96%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-92,737	–	-0.97%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-51,336	–	-0.97%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-153,555	–	-1.00%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-155,336	–	-1.02%	–
BLK	Exit	BLACKROCK INC	$0	–	-19,306	–	-1.08%	–
HCP	Exit	HCP INC	$0	–	-189,122	–	-1.10%	–
CCIPRA	Exit	CROWN CASTLE INTL CORP NEWcnv pfd stk sr a	$0	–	-65,935	–	-1.15%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-139,056	–	-1.17%	–
DIS	Exit	DISNEY WALT CO	$0	–	-82,404	–	-1.18%	–
SO	Exit	SOUTHERN CO	$0	–	-150,083	–	-1.18%	–
BA	Exit	BOEING CO	$0	–	-60,047	–	-1.22%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-126,504	–	-1.25%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-164,846	–	-1.32%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-373,062	–	-1.33%	–
MRK	Exit	MERCK & CO INC	$0	–	-141,799	–	-1.36%	–
TWX	Exit	TIME WARNER INC	$0	–	-113,728	–	-1.39%	–
FDC	Exit	FIRST DATA CORP NEW	$0	–	-688,350	–	-1.39%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-11,456	–	-1.42%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-60,061	–	-1.43%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-82,402	–	-1.50%	–
ARCC	Exit	ARES CAP CORP	$0	–	-631,256	–	-1.50%	–
BTZ	Exit	BLACKROCK CR ALLCTN INC TR	$0	–	-751,005	–	-1.54%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-259,565	–	-1.55%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-92,521	–	-1.56%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-146,554	–	-1.62%	–
URI	Exit	UNITED RENTALS INC	$0	–	-138,817	–	-1.68%	–
BXMT	Exit	BLACKSTONE MTG TR INC	$0	–	-376,903	–	-1.71%	–
FL	Exit	FOOT LOCKER INC	$0	–	-169,455	–	-1.76%	–
GM	Exit	GENERAL MTRS CO	$0	–	-387,811	–	-1.90%	–
ANTM	Exit	ANTHEM INC	$0	–	-99,635	–	-1.92%	–
O	Exit	REALTY INCOME CORP	$0	–	-197,342	–	-2.03%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-167,178	–	-2.04%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-215,528	–	-2.34%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-172,481	–	-2.39%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-20,634	–	-2.47%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-354,224	–	-2.53%	–
MMM	Exit	3M CO	$0	–	-95,066	–	-2.58%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-214,568	–	-2.60%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-670,610	–	-3.06%	–
AAPL	Exit	APPLE INC	$0	–	-204,410	–	-3.55%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-428,517	–	-3.80%	–
LOW	Exit	LOWES COS INC	$0	–	-349,166	–	-3.88%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-215,686	–	-4.79%	–

Q3 2016

			Value		Shares		↓ Weighting
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$31,159,000	+2.0%	215,686	+2.3%	4.79%	-0.6%
LOW	Sell	LOWES COS INC	$25,214,000	-9.2%	349,166	-0.5%	3.88%	-11.5%
MSFT	Sell	MICROSOFT CORP	$24,678,000	+10.9%	428,517	-1.4%	3.80%	+8.1%
AAPL	Buy	APPLE INC	$23,103,000	+26.3%	204,410	+6.9%	3.55%	+23.1%
GE	Sell	GENERAL ELECTRIC CO	$19,865,000	-7.0%	670,610	-1.2%	3.06%	-9.4%
NVS	Sell	NOVARTIS A Gsponsored adr	$16,939,000	-4.9%	214,568	-0.6%	2.60%	-7.3%
MMM	Sell	3M CO	$16,751,000	-0.8%	95,066	-1.4%	2.58%	-3.3%
JCI	New	JOHNSON CTLS INTL PLC	$16,468,000	–	354,224	–	2.53%	–
GOOG	Buy	ALPHABET INCcap stk cl c	$16,036,000	+17.6%	20,634	+4.8%	2.47%	+14.6%
PNC	Sell	PNC FINL SVCS GROUP INC	$15,537,000	+10.0%	172,481	-0.6%	2.39%	+7.2%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$15,200,000	-8.8%	215,528	-2.0%	2.34%	-11.1%
GILD	Sell	GILEAD SCIENCES INC	$13,234,000	-9.0%	167,178	-4.1%	2.04%	-11.3%
O	Sell	REALTY INCOME CORP	$13,208,000	-5.7%	197,342	-2.3%	2.03%	-8.1%
ANTM	Sell	ANTHEM INC	$12,492,000	-5.7%	99,635	-1.2%	1.92%	-8.1%
GM	Buy	GENERAL MTRS CO	$12,321,000	+37.3%	387,811	+22.3%	1.90%	+33.8%
FL	Buy	FOOT LOCKER INC	$11,475,000	+26.1%	169,455	+2.1%	1.76%	+22.8%
BXMT	Buy	BLACKSTONE MTG TR INC	$11,100,000	+10.5%	376,903	+3.8%	1.71%	+7.6%
URI	Buy	UNITED RENTALS INC	$10,892,000	+38.0%	138,817	+18.0%	1.68%	+34.4%
COF	Sell	CAPITAL ONE FINL CORP	$10,525,000	-10.4%	146,554	-20.8%	1.62%	-12.7%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$10,115,000	+0.9%	92,521	-0.6%	1.56%	-1.7%
LUV	Buy	SOUTHWEST AIRLS CO	$10,095,000	+5.7%	259,565	+6.6%	1.55%	+3.1%
BTZ	Buy	BLACKROCK CR ALLCTN INC TR	$10,026,000	+3.0%	751,005	+0.5%	1.54%	+0.3%
ARCC	Buy	ARES CAP CORP	$9,784,000	+10.4%	631,256	+1.1%	1.50%	+7.6%
JNJ	Sell	JOHNSON & JOHNSON	$9,732,000	-2.7%	82,402	-0.1%	1.50%	-5.2%
GD	Sell	GENERAL DYNAMICS CORP	$9,309,000	+10.3%	60,061	-0.9%	1.43%	+7.5%
GOOGL	Sell	ALPHABET INCcap stk cl a	$9,208,000	+13.8%	11,456	-0.4%	1.42%	+10.9%
FDC	Buy	FIRST DATA CORP NEW	$9,059,000	+36.1%	688,350	+16.1%	1.39%	+32.5%
TWX	Buy	TIME WARNER INC	$9,048,000	+15.7%	113,728	+6.9%	1.39%	+12.8%
MRK	Buy	MERCK & CO INC	$8,850,000	+52.1%	141,799	+40.4%	1.36%	+48.1%
KMI	Sell	KINDER MORGAN INC DEL	$8,623,000	+22.1%	373,062	-1.1%	1.33%	+18.9%
VZ	Buy	VERIZON COMMUNICATIONS INC	$8,569,000	-6.6%	164,846	+0.3%	1.32%	-9.0%
AEP	Sell	AMERICAN ELEC PWR INC	$8,123,000	-11.0%	126,504	-2.8%	1.25%	-13.3%
BA	Buy	BOEING CO	$7,911,000	+9.2%	60,047	+7.7%	1.22%	+6.5%
SO	Sell	SOUTHERN CO	$7,699,000	-5.0%	150,083	-0.7%	1.18%	-7.4%
DIS	Buy	DISNEY WALT CO	$7,652,000	+175.9%	82,404	+190.7%	1.18%	+168.7%
EMR	Buy	EMERSON ELEC CO	$7,578,000	+9.7%	139,056	+5.0%	1.17%	+7.0%
CCIPRA	Sell	CROWN CASTLE INTL CORP NEWcnv pfd stk sr a	$7,452,000	-8.0%	65,935	-1.5%	1.15%	-10.4%
HCP	Sell	HCP INC	$7,177,000	+4.4%	189,122	-2.6%	1.10%	+1.8%
BLK	Buy	BLACKROCK INC	$6,998,000	+33.8%	19,306	+26.4%	1.08%	+30.3%
SE	Sell	SPECTRA ENERGY CORP	$6,641,000	+16.1%	155,336	-0.5%	1.02%	+13.1%
RCI	Sell	ROGERS COMMUNICATIONS INCcl b	$6,514,000	+1.7%	153,555	-3.1%	1.00%	-0.9%
EMN	Buy	EASTMAN CHEM CO	$6,277,000	+6.5%	92,737	+6.9%	0.97%	+3.9%
NEE	Sell	NEXTERA ENERGY INC	$6,279,000	-8.7%	51,336	-2.7%	0.97%	-11.0%
APU	Buy	AMERIGAS PARTNERS L Punit l p int	$6,211,000	+2.4%	136,033	+4.8%	0.96%	-0.2%
SRCLP	Buy	STERICYCLE INCdep pfd a 1/10	$6,198,000	-17.5%	93,520	+3.5%	0.95%	-19.6%
WSM	New	WILLIAMS SONOMA INC	$5,839,000	–	114,318	–	0.90%	–
CBI	Buy	CHICAGO BRIDGE & IRON CO N V	$5,790,000	-16.9%	206,315	+2.5%	0.89%	-19.0%
FCHPRA	Sell	FELCOR LODGING TR INCpfd cv a $1.95	$5,646,000	-1.6%	225,745	-0.9%	0.87%	-4.2%
EPD	Buy	ENTERPRISE PRODS PARTNERS L	$5,362,000	-3.3%	194,075	+2.4%	0.82%	-5.8%
WFCPRL	Buy	WELLS FARGO & CO NEWperp pfd cnv a	$5,131,000	+1.2%	3,919	+0.4%	0.79%	-1.5%
WR	Sell	WESTAR ENERGY INC	$5,033,000	-0.1%	88,696	-1.3%	0.77%	-2.8%
CCI	Sell	CROWN CASTLE INTL CORP NEW	$4,644,000	-9.3%	49,297	-2.4%	0.71%	-11.7%
PCLN	New	PRICELINE GRP INC	$4,183,000	–	2,843	–	0.64%	–
D	Sell	DOMINION RES INC VA NEW	$4,152,000	-5.2%	55,899	-0.6%	0.64%	-7.7%
CNP	Sell	CENTERPOINT ENERGY INC	$4,095,000	-3.9%	176,285	-0.7%	0.63%	-6.4%
WY	New	WEYERHAEUSER CO	$4,088,000	–	127,975	–	0.63%	–
EQCPRD	Sell	EQUITY COMWLTHcum pfd s d 6.5%	$4,071,000	+1.9%	150,214	-1.7%	0.63%	-0.8%
ORAN	Sell	ORANGEsponsored adr	$3,909,000	-7.8%	250,930	-2.8%	0.60%	-10.2%
BACPRL	Sell	BANK AMER CORP7.25%cnv pfd l	$3,638,000	+1.5%	2,980	-0.7%	0.56%	-1.1%
ATO	Sell	ATMOS ENERGY CORP	$3,305,000	-10.3%	44,384	-2.1%	0.51%	-12.7%
GBDC	Sell	GOLUB CAP BDC INC	$3,131,000	+2.3%	168,625	-0.5%	0.48%	-0.2%
MMP	Buy	MAGELLAN MIDSTREAM PRTNRS LP	$2,945,000	+11.8%	41,635	+20.1%	0.45%	+8.9%
EEQ	Buy	ENBRIDGE ENERGY MANAGEMENT L	$2,825,000	+12.4%	111,054	+1.7%	0.44%	+9.6%
DUK	Sell	DUKE ENERGY CORP NEW	$2,477,000	-8.5%	30,947	-1.9%	0.38%	-10.8%
XEL	Sell	XCEL ENERGY INC	$2,296,000	-8.5%	55,801	-0.4%	0.35%	-10.9%
VTR	Sell	VENTAS INC	$1,973,000	-4.9%	27,939	-2.0%	0.30%	-7.6%
WELL	Buy	WELLTOWER INC	$1,900,000	+3.3%	25,406	+5.2%	0.29%	+0.7%
EZU	Sell	ISHARESmsci eurzone etf	$1,728,000	-29.0%	50,090	-33.6%	0.27%	-30.7%
XOM	Buy	EXXON MOBIL CORP	$1,669,000	-4.7%	19,144	+2.3%	0.26%	-6.9%
AMG	New	AFFILIATED MANAGERS GROUP	$1,535,000	–	10,605	–	0.24%	–
BPL	Sell	BUCKEYE PARTNERS L Punit ltd partn	$1,297,000	+0.2%	18,120	-1.6%	0.20%	-2.5%
ET	Sell	ENERGY TRANSFER EQUITY L P	$1,093,000	+10.2%	65,096	-5.7%	0.17%	+7.0%
PPL	Sell	PPL CORP	$1,003,000	-14.1%	29,010	-6.1%	0.15%	-16.3%
JFR	Buy	NUVEEN FLOATING RATE INCOME	$972,000	+10.8%	88,162	+3.9%	0.15%	+8.7%
CVX	Sell	CHEVRON CORP NEW	$829,000	-4.6%	8,052	-2.8%	0.13%	-6.6%
PEP	Buy	PEPSICO INC	$744,000	+3.2%	6,839	+0.5%	0.11%	0.0%
T	Buy	AT&T INC	$707,000	-4.7%	17,416	+1.5%	0.11%	-6.8%
BCE	Sell	BCE INC	$700,000	-7.9%	15,148	-5.7%	0.11%	-10.0%
WFC	Sell	WELLS FARGO & CO NEW	$619,000	-9.1%	13,982	-2.8%	0.10%	-12.0%
BBT	Sell	BB&T CORP	$529,000	+1.5%	14,018	-4.1%	0.08%	-1.2%
WBA	Buy	WALGREENS BOOTS ALLIANCE INC	$518,000	-0.4%	6,425	+2.9%	0.08%	-2.4%
UBSI	New	UNITED BANKSHARES INC WEST V	$441,000	–	11,702	–	0.07%	–
PAA	Sell	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$284,000	+4.8%	9,050	-8.3%	0.04%	+2.3%
IGSB	Buy	ISHARES TR1-3 yr cr bd etf	$256,000	+6.2%	2,425	+6.8%	0.04%	+2.6%
CVS	Buy	CVS HEALTH CORP	$236,000	-6.3%	2,653	+1.0%	0.04%	-10.0%
BIIB	New	BIOGEN INC	$227,000	–	725	–	0.04%	–
CRT	Sell	CROSS TIMBERS RTY TRtr unit	$224,000	-14.8%	12,280	-15.5%	0.03%	-19.0%
YUM	New	YUM BRANDS INC	$214,000	–	2,360	–	0.03%	–
EWJ	Sell	ISHARESmsci japan etf	$210,000	-50.5%	16,750	-54.5%	0.03%	-52.2%
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-3,005	–	-0.04%	–
MEOH	Exit	METHANEX CORP	$0	–	-87,261	–	-0.40%	–
HEDJ	Exit	WISDOMTREE TReurope hedged eq	$0	–	-60,065	–	-0.48%	–
WYPRA	Exit	WEYERHAEUSER COpref conv ser a	$0	–	-75,781	–	-0.60%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-98,788	–	-0.61%	–
NGG	Exit	NATIONAL GRID PLCspon adr new	$0	–	-109,555	–	-1.29%	–
JCI	Exit	JOHNSON CTLS INC	$0	–	-424,490	–	-2.96%	–

Q2 2016

			Value		Shares		↓ Weighting
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$30,535,000	–	210,906	–	4.82%	–
LOW	New	LOWES COS INC	$27,771,000	–	350,839	–	4.38%	–
MSFT	New	MICROSOFT CORP	$22,244,000	–	434,650	–	3.51%	–
GE	New	GENERAL ELECTRIC CO	$21,361,000	–	678,619	–	3.37%	–
JCI	New	JOHNSON CTLS INC	$18,778,000	–	424,490	–	2.96%	–
AAPL	New	APPLE INC	$18,288,000	–	191,229	–	2.89%	–
NVS	New	NOVARTIS A Gsponsored adr	$17,808,000	–	215,899	–	2.81%	–
MMM	New	3M CO	$16,880,000	–	96,405	–	2.66%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$16,664,000	–	219,913	–	2.63%	–
GILD	New	GILEAD SCIENCES INC	$14,540,000	–	174,258	–	2.30%	–
PNC	New	PNC FINL SVCS GROUP INC	$14,128,000	–	173,558	–	2.23%	–
O	New	REALTY INCOME CORP	$14,011,000	–	202,011	–	2.21%	–
GOOG	New	ALPHABET INCcap stk cl c	$13,632,000	–	19,694	–	2.15%	–
ANTM	New	ANTHEM INC	$13,245,000	–	100,810	–	2.09%	–
COF	New	CAPITAL ONE FINL CORP	$11,749,000	–	184,946	–	1.86%	–
BXMT	New	BLACKSTONE MTG TR INC	$10,045,000	–	363,024	–	1.59%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$10,026,000	–	93,096	–	1.58%	–
JNJ	New	JOHNSON & JOHNSON	$10,002,000	–	82,481	–	1.58%	–
BTZ	New	BLACKROCK CR ALLCTN INC TR	$9,733,000	–	747,561	–	1.54%	–
LUV	New	SOUTHWEST AIRLS CO	$9,548,000	–	243,505	–	1.51%	–
VZ	New	VERIZON COMMUNICATIONS INC	$9,174,000	–	164,288	–	1.45%	–
AEP	New	AMERICAN ELEC PWR INC	$9,125,000	–	130,185	–	1.44%	–
FL	New	FOOT LOCKER INC	$9,101,000	–	165,890	–	1.44%	–
GM	New	GENERAL MTRS CO	$8,971,000	–	316,982	–	1.42%	–
ARCC	New	ARES CAP CORP	$8,863,000	–	624,180	–	1.40%	–
GD	New	GENERAL DYNAMICS CORP	$8,436,000	–	60,608	–	1.33%	–
NGG	New	NATIONAL GRID PLCspon adr new	$8,143,000	–	109,555	–	1.29%	–
SO	New	SOUTHERN CO	$8,104,000	–	151,109	–	1.28%	–
CCIPRA	New	CROWN CASTLE INTL CORP NEWcnv pfd stk sr a	$8,102,000	–	66,955	–	1.28%	–
GOOGL	New	ALPHABET INCcap stk cl a	$8,092,000	–	11,499	–	1.28%	–
URI	New	UNITED RENTALS INC	$7,891,000	–	117,617	–	1.25%	–
TWX	New	TIME WARNER INC	$7,819,000	–	106,346	–	1.23%	–
SRCLP	New	STERICYCLE INCdep pfd a 1/10	$7,514,000	–	90,340	–	1.19%	–
BA	New	BOEING CO	$7,243,000	–	55,768	–	1.14%	–
KMI	New	KINDER MORGAN INC DEL	$7,062,000	–	377,304	–	1.12%	–
CBI	New	CHICAGO BRIDGE & IRON CO N V	$6,968,000	–	201,196	–	1.10%	–
EMR	New	EMERSON ELEC CO	$6,906,000	–	132,420	–	1.09%	–
NEE	New	NEXTERA ENERGY INC	$6,877,000	–	52,736	–	1.09%	–
HCP	New	HCP INC	$6,873,000	–	194,265	–	1.08%	–
FDC	New	FIRST DATA CORP NEW	$6,657,000	–	592,910	–	1.05%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$6,403,000	–	158,500	–	1.01%	–
APU	New	AMERIGAS PARTNERS L Punit l p int	$6,064,000	–	129,848	–	0.96%	–
EMN	New	EASTMAN CHEM CO	$5,893,000	–	86,784	–	0.93%	–
MRK	New	MERCK & CO INC	$5,819,000	–	101,010	–	0.92%	–
FCHPRA	New	FELCOR LODGING TR INCpfd cv a $1.95	$5,736,000	–	227,715	–	0.91%	–
SE	New	SPECTRA ENERGY CORP	$5,718,000	–	156,100	–	0.90%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$5,547,000	–	189,565	–	0.88%	–
BLK	New	BLACKROCK INC	$5,230,000	–	15,270	–	0.83%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$5,122,000	–	50,499	–	0.81%	–
WFCPRL	New	WELLS FARGO & CO NEWperp pfd cnv a	$5,071,000	–	3,903	–	0.80%	–
WR	New	WESTAR ENERGY INC	$5,039,000	–	89,846	–	0.80%	–
PBA	New	PEMBINA PIPELINE CORP	$4,764,000	–	157,033	–	0.75%	–
D	New	DOMINION RES INC VA NEW	$4,382,000	–	56,224	–	0.69%	–
CNP	New	CENTERPOINT ENERGY INC	$4,260,000	–	177,508	–	0.67%	–
ORAN	New	ORANGEsponsored adr	$4,240,000	–	258,230	–	0.67%	–
EQCPRD	New	EQUITY COMWLTHcum pfd s d 6.5%	$3,995,000	–	152,884	–	0.63%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$3,836,000	–	98,788	–	0.61%	–
WYPRA	New	WEYERHAEUSER COpref conv ser a	$3,817,000	–	75,781	–	0.60%	–
ATO	New	ATMOS ENERGY CORP	$3,686,000	–	45,324	–	0.58%	–
BACPRL	New	BANK AMER CORP7.25%cnv pfd l	$3,586,000	–	3,001	–	0.57%	–
GBDC	New	GOLUB CAP BDC INC	$3,061,000	–	169,394	–	0.48%	–
HEDJ	New	WISDOMTREE TReurope hedged eq	$3,036,000	–	60,065	–	0.48%	–
DIS	New	DISNEY WALT CO	$2,773,000	–	28,346	–	0.44%	–
DUK	New	DUKE ENERGY CORP NEW	$2,706,000	–	31,548	–	0.43%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$2,634,000	–	34,660	–	0.42%	–
MEOH	New	METHANEX CORP	$2,542,000	–	87,261	–	0.40%	–
EEQ	New	ENBRIDGE ENERGY MANAGEMENT L	$2,513,000	–	109,204	–	0.40%	–
XEL	New	XCEL ENERGY INC	$2,508,000	–	56,001	–	0.40%	–
EZU	New	ISHARESmsci eurzone etf	$2,433,000	–	75,405	–	0.38%	–
AESPRC	New	AES TR IIIpfd cv 6.75%	$2,198,000	–	42,213	–	0.35%	–
VTR	New	VENTAS INC	$2,075,000	–	28,499	–	0.33%	–
WELL	New	WELLTOWER INC	$1,840,000	–	24,156	–	0.29%	–
XOM	New	EXXON MOBIL CORP	$1,751,000	–	18,719	–	0.28%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$1,736,000	–	8	–	0.27%	–
ES	New	EVERSOURCE ENERGY	$1,492,000	–	24,912	–	0.24%	–
BPL	New	BUCKEYE PARTNERS L Punit ltd partn	$1,295,000	–	18,420	–	0.20%	–
PPL	New	PPL CORP	$1,167,000	–	30,905	–	0.18%	–
ET	New	ENERGY TRANSFER EQUITY L P	$992,000	–	69,045	–	0.16%	–
JFR	New	NUVEEN FLOATING RATE INCOME	$877,000	–	84,842	–	0.14%	–
PFE	New	PFIZER INC	$877,000	–	24,909	–	0.14%	–
CVX	New	CHEVRON CORP NEW	$869,000	–	8,287	–	0.14%	–
CI	New	CIGNA CORPORATION	$764,000	–	5,967	–	0.12%	–
BCE	New	BCE INC	$760,000	–	16,063	–	0.12%	–
T	New	AT&T INC	$742,000	–	17,165	–	0.12%	–
PEP	New	PEPSICO INC	$721,000	–	6,804	–	0.11%	–
WFC	New	WELLS FARGO & CO NEW	$681,000	–	14,382	–	0.11%	–
BK	New	BANK NEW YORK MELLON CORP	$665,000	–	17,108	–	0.10%	–
DHR	New	DANAHER CORP DEL	$652,000	–	6,455	–	0.10%	–
WMT	New	WAL-MART STORES INC	$654,000	–	8,955	–	0.10%	–
INTC	New	INTEL CORP	$588,000	–	17,928	–	0.09%	–
MKL	New	MARKEL CORP	$543,000	–	570	–	0.09%	–
BBT	New	BB&T CORP	$521,000	–	14,618	–	0.08%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$520,000	–	6,245	–	0.08%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$454,000	–	1,675	–	0.07%	–
EWJ	New	ISHARESmsci japan etf	$424,000	–	36,835	–	0.07%	–
BBN	New	BLACKROCK TAX MUNICPAL BD TR	$401,000	–	16,430	–	0.06%	–
EEP	New	ENBRIDGE ENERGY PARTNERS L P	$375,000	–	16,162	–	0.06%	–
MIC	New	MACQUARIE INFRASTRUCTURE COR	$370,000	–	5,000	–	0.06%	–
DLS	New	WISDOMTREE TRintl smcap div	$351,000	–	6,230	–	0.06%	–
MON	New	MONSANTO CO NEW	$325,000	–	3,144	–	0.05%	–
AZO	New	AUTOZONE INC	$318,000	–	400	–	0.05%	–
DWM	New	WISDOMTREE TRintl equity fd	$314,000	–	6,988	–	0.05%	–
NSC	New	NORFOLK SOUTHERN CORP	$311,000	–	3,648	–	0.05%	–
ITB	New	ISHARES TRus home cons etf	$277,000	–	10,000	–	0.04%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$271,000	–	9,867	–	0.04%	–
PM	New	PHILIP MORRIS INTL INC	$275,000	–	2,706	–	0.04%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$267,000	–	2,918	–	0.04%	–
CRT	New	CROSS TIMBERS RTY TRtr unit	$263,000	–	14,530	–	0.04%	–
CVS	New	CVS HEALTH CORP	$252,000	–	2,628	–	0.04%	–
CL	New	COLGATE PALMOLIVE CO	$249,000	–	3,404	–	0.04%	–
IGSB	New	ISHARES TR1-3 yr cr bd etf	$241,000	–	2,270	–	0.04%	–
ACN	New	ACCENTURE PLC IRELAND	$235,000	–	2,075	–	0.04%	–
JPM	New	JPMORGAN CHASE & CO	$230,000	–	3,706	–	0.04%	–
NTCT	New	NETSCOUT SYS INC	$228,000	–	10,251	–	0.04%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$221,000	–	3,005	–	0.04%	–
CSX	New	CSX CORP	$203,000	–	7,779	–	0.03%	–
PDT	New	HANCOCK JOHN PREMUIM DIV FD	$170,000	–	10,000	–	0.03%	–
NVAX	New	NOVAVAX INC	$109,000	–	15,000	–	0.02%	–

Q4 2015

			Value		Shares		↓ Weighting
NVAX	Exit	NOVAVAX INC	$0	–	-15,000	–	-0.02%	–
PDT	Exit	HANCOCK JOHN PREMUIM DIV FD	$0	–	-10,000	–	-0.02%	–
STLD	Exit	STEEL DYNAMICS INC	$0	–	-10,590	–	-0.03%	–
RLJ	Exit	RLJ LODGING TR	$0	–	-8,100	–	-0.03%	–
YUM	Exit	YUM BRANDS INC	$0	–	-2,560	–	-0.03%	–
NS	Exit	NUSTAR ENERGY LP	$0	–	-4,545	–	-0.03%	–
CSX	Exit	CSX CORP	$0	–	-7,779	–	-0.03%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,706	–	-0.03%	–
LLY	Exit	LILLY ELI & CO	$0	–	-2,590	–	-0.03%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-2,175	–	-0.03%	–
PSX	Exit	PHILLIPS 66	$0	–	-2,844	–	-0.03%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-3,504	–	-0.03%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-4,478	–	-0.03%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-4,756	–	-0.04%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-2,568	–	-0.04%	–
BIIB	Exit	BIOGEN INC	$0	–	-865	–	-0.04%	–
KO	Exit	COCA COLA CO	$0	–	-6,156	–	-0.04%	–
MON	Exit	MONSANTO CO NEW	$0	–	-3,245	–	-0.04%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-3,648	–	-0.04%	–
SDS	Exit	PROSHARES TR	$0	–	-12,000	–	-0.04%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-2,908	–	-0.04%	–
AZO	Exit	AUTOZONE INC	$0	–	-400	–	-0.04%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-9,867	–	-0.05%	–
CRT	Exit	CROSS TIMBERS RTY TRtr unit	$0	–	-19,965	–	-0.05%	–
DWM	Exit	WISDOMTREE TRintl equity fd	$0	–	-6,988	–	-0.05%	–
BBN	Exit	BLACKROCK TAX MUNICPAL BD TR	$0	–	-16,430	–	-0.05%	–
DLS	Exit	WISDOMTREE TRintl smcap div	$0	–	-6,230	–	-0.05%	–
NTCT	Exit	NETSCOUT SYS INC	$0	–	-10,459	–	-0.06%	–
MIC	Exit	MACQUARIE INFRASTRUCTURE COR	$0	–	-5,000	–	-0.06%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-6,292	–	-0.06%	–
DIS	Exit	DISNEY WALT CO	$0	–	-3,886	–	-0.06%	–
IGSB	Exit	ISHARES TR1-3 yr cr bd etf	$0	–	-3,850	–	-0.06%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-1,675	–	-0.06%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-2,188	–	-0.06%	–
ZINCQ	Exit	HORSEHEAD HLDG CORP	$0	–	-140,450	–	-0.06%	–
POM	Exit	PEPCO HOLDINGS INC	$0	–	-17,564	–	-0.06%	–
SNHY	Exit	SUN HYDRAULICS CORP	$0	–	-15,853	–	-0.07%	–
MKL	Exit	MARKEL CORP	$0	–	-570	–	-0.07%	–
TCP	Exit	TC PIPELINES LP	$0	–	-10,256	–	-0.07%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-6,000	–	-0.08%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-6,617	–	-0.09%	–
T	Exit	AT&T INC	$0	–	-18,299	–	-0.09%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-10,282	–	-0.10%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-17,108	–	-0.10%	–
BCE	Exit	BCE INC	$0	–	-18,443	–	-0.12%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-9,757	–	-0.12%	–
PFE	Exit	PFIZER INC	$0	–	-25,089	–	-0.12%	–
INTC	Exit	INTEL CORP	$0	–	-26,628	–	-0.12%	–
CI	Exit	CIGNA CORPORATION	$0	–	-5,967	–	-0.12%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-13,635	–	-0.12%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-16,231	–	-0.13%	–
PEP	Exit	PEPSICO INC	$0	–	-9,074	–	-0.13%	–
JFR	Exit	NUVEEN FLOATING RATE INCOME	$0	–	-84,842	–	-0.13%	–
MS	Exit	MORGAN STANLEY	$0	–	-29,715	–	-0.14%	–
BBT	Exit	BB&T CORP	$0	–	-27,734	–	-0.15%	–
PPL	Exit	PPL CORP	$0	–	-30,383	–	-0.15%	–
EEP	Exit	ENBRIDGE ENERGY PARTNERS L P	$0	–	-40,717	–	-0.15%	–
UBSI	Exit	UNITED BANKSHARES INC WEST V	$0	–	-26,674	–	-0.15%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-11,684	–	-0.16%	–
LPL	Exit	LG DISPLAY CO LTDspons adr rep	$0	–	-112,060	–	-0.16%	–
BMR	Exit	BIOMED REALTY TRUST INC	$0	–	-57,255	–	-0.17%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-32,344	–	-0.18%	–
BPL	Exit	BUCKEYE PARTNERS L Punit ltd partn	$0	–	-21,340	–	-0.19%	–
OKE	Exit	ONEOK INC NEW	$0	–	-40,560	–	-0.20%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-26,590	–	-0.20%	–
ET	Exit	ENERGY TRANSFER EQUITY L P	$0	–	-73,556	–	-0.23%	–
GBDC	Exit	GOLUB CAP BDC INC	$0	–	-96,823	–	-0.24%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-9,102	–	-0.24%	–
WELL	Exit	WELLTOWER INC	$0	–	-25,076	–	-0.26%	–
AESPRC	Exit	AES TR IIIpfd cv 6.75%	$0	–	-34,428	–	-0.26%	–
EQCPRECL	Exit	EQUITY COMWLTHcum pfd e 7.25%	$0	–	-72,200	–	-0.28%	–
BA	Exit	BOEING CO	$0	–	-14,480	–	-0.29%	–
BLK	Exit	BLACKROCK INC	$0	–	-6,363	–	-0.29%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-57,290	–	-0.31%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-46,975	–	-0.42%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-34,963	–	-0.42%	–
EQCPRD	Exit	EQUITY COMWLTHcum pfd s d 6.5%	$0	–	-121,219	–	-0.45%	–
MEOH	Exit	METHANEX CORP	$0	–	-97,142	–	-0.49%	–
WYPRA	Exit	WEYERHAEUSER COpref conv ser a	$0	–	-67,970	–	-0.49%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-182,033	–	-0.50%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-70,630	–	-0.50%	–
BACPRL	Exit	BANK AMER CORP7.25%cnv pfd l	$0	–	-3,103	–	-0.51%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-50,597	–	-0.53%	–
WR	Exit	WESTAR ENERGY INC	$0	–	-91,296	–	-0.53%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-55,921	–	-0.55%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-161,106	–	-0.59%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-55,285	–	-0.59%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-20	–	-0.59%	–
ORAN	Exit	ORANGEsponsored adr	$0	–	-283,266	–	-0.65%	–
URI	Exit	UNITED RENTALS INC	$0	–	-71,857	–	-0.66%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-181,951	–	-0.69%	–
WFCPRL	Exit	WELLS FARGO & CO NEWperp pfd cnv a	$0	–	-3,952	–	-0.70%	–
TWX	Exit	TIME WARNER INC	$0	–	-67,445	–	-0.71%	–
CMP	Exit	COMPASS MINERALS INTL INC	$0	–	-60,301	–	-0.72%	–
ETP	Exit	ENERGY TRANSFER PRTNRS L Punit ltd partn	$0	–	-117,497	–	-0.73%	–
FCHPRA	Exit	FELCOR LODGING TR INCpfd cv a $1.95	$0	–	-196,492	–	-0.74%	–
APU	Exit	AMERIGAS PARTNERS L Punit l p int	$0	–	-118,853	–	-0.75%	–
EEQ	Exit	ENBRIDGE ENERGY MANAGEMENT L	$0	–	-211,485	–	-0.76%	–
TUP	Exit	TUPPERWARE BRANDS CORP	$0	–	-103,491	–	-0.78%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-117,877	–	-0.79%	–
BTZ	Exit	BLACKROCK CR ALLCTN INC TR	$0	–	-431,484	–	-0.80%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-53,962	–	-0.80%	–
HEDJ	Exit	WISDOMTREE TReurope hedged eq	$0	–	-98,370	–	-0.82%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-110,521	–	-0.82%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-125,320	–	-0.83%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-187,127	–	-0.98%	–
SO	Exit	SOUTHERN CO	$0	–	-155,478	–	-1.06%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-125,132	–	-1.08%	–
CCIPRA	Exit	CROWN CASTLE INTL CORP NEWcnv pfd stk sr a	$0	–	-69,910	–	-1.08%	–
QCOM	Exit	QUALCOMM INC	$0	–	-135,054	–	-1.10%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-195,995	–	-1.14%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-11,969	–	-1.16%	–
CBI	Exit	CHICAGO BRIDGE & IRON CO N V	$0	–	-193,016	–	-1.16%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-98,491	–	-1.20%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-108,531	–	-1.23%	–
NGG	Exit	NATIONAL GRID PLCspon adr new	$0	–	-116,005	–	-1.23%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-87,193	–	-1.24%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-315,407	–	-1.26%	–
HCP	Exit	HCP INC	$0	–	-226,049	–	-1.28%	–
BXMT	Exit	BLACKSTONE MTG TR INC	$0	–	-307,333	–	-1.28%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-66,044	–	-1.39%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-99,434	–	-1.49%	–
O	Exit	REALTY INCOME CORP	$0	–	-209,430	–	-1.51%	–
ARCC	Exit	ARES CAP CORP	$0	–	-685,569	–	-1.51%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-210,808	–	-1.52%	–
KSS	Exit	KOHLS CORP	$0	–	-217,680	–	-1.53%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-136,512	–	-1.54%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-16,993	–	-1.57%	–
CSCO	Exit	CISCO SYS INC	$0	–	-471,683	–	-1.88%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-470,850	–	-1.98%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-181,330	–	-2.00%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-236,909	–	-2.05%	–
MMM	Exit	3M CO	$0	–	-100,637	–	-2.17%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-171,016	–	-2.32%	–
ANTM	Exit	ANTHEM INC	$0	–	-109,724	–	-2.34%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-174,406	–	-2.61%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-217,611	–	-2.68%	–
JCI	Exit	JOHNSON CTLS INC	$0	–	-426,842	–	-2.69%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-706,769	–	-2.71%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-455,776	–	-3.07%	–
AAPL	Exit	APPLE INC	$0	–	-185,859	–	-3.12%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-229,134	–	-3.20%	–
LOW	Exit	LOWES COS INC	$0	–	-368,106	–	-3.86%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-206,256	–	-4.09%	–

Q3 2015

			Value		Shares		↓ Weighting
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$26,896,000	-2.4%	206,256	+1.9%	4.09%	+2.0%
LOW	Sell	LOWES COS INC	$25,370,000	+1.3%	368,106	-1.6%	3.86%	+5.8%
NVS	Sell	NOVARTIS A Gsponsored adr	$21,062,000	-7.6%	229,134	-1.1%	3.20%	-3.5%
AAPL	Buy	APPLE INC	$20,500,000	-9.9%	185,859	+2.5%	3.12%	-5.9%
MSFT	Buy	MICROSOFT CORP	$20,173,000	+0.3%	455,776	+0.0%	3.07%	+4.7%
GE	Sell	GENERAL ELECTRIC CO	$17,825,000	-5.8%	706,769	-0.8%	2.71%	-1.7%
JCI	Buy	JOHNSON CTLS INC	$17,654,000	-16.3%	426,842	+0.3%	2.69%	-12.6%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$17,618,000	-6.0%	217,611	+3.3%	2.68%	-1.8%
GILD	Sell	GILEAD SCIENCES INC	$17,125,000	-17.1%	174,406	-1.2%	2.61%	-13.5%
ANTM	Sell	ANTHEM INC	$15,361,000	-15.6%	109,724	-1.1%	2.34%	-11.9%
PNC	Buy	PNC FINL SVCS GROUP INC	$15,255,000	-5.2%	171,016	+1.7%	2.32%	-1.0%
MMM	Sell	3M CO	$14,267,000	-8.3%	100,637	-0.2%	2.17%	-4.3%
AIG	Sell	AMERICAN INTL GROUP INC	$13,461,000	-9.5%	236,909	-1.5%	2.05%	-5.5%
COF	Buy	CAPITAL ONE FINL CORP	$13,150,000	-16.2%	181,330	+1.7%	2.00%	-12.5%
KMI	Sell	KINDER MORGAN INC DEL	$13,033,000	-31.7%	470,850	-5.3%	1.98%	-28.7%
CSCO	Sell	CISCO SYS INC	$12,381,000	-4.9%	471,683	-0.5%	1.88%	-0.7%
GOOG	Buy	GOOGLE INCcl c	$10,324,000	+25.7%	16,993	+7.7%	1.57%	+31.2%
AXP	Buy	AMERICAN EXPRESS CO	$10,120,000	+9.0%	136,512	+14.3%	1.54%	+13.8%
KSS	Sell	KOHLS CORP	$10,081,000	-26.5%	217,680	-0.6%	1.53%	-23.2%
SNY	Buy	SANOFIsponsored adr	$10,007,000	+3.0%	210,808	+7.5%	1.52%	+7.6%
ARCC	Buy	ARES CAP CORP	$9,927,000	-11.5%	685,569	+0.6%	1.51%	-7.5%
O	Buy	REALTY INCOME CORP	$9,925,000	+11.0%	209,430	+4.0%	1.51%	+15.9%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$9,813,000	+0.8%	99,434	-1.0%	1.49%	+5.2%
GD	Sell	GENERAL DYNAMICS CORP	$9,111,000	-3.1%	66,044	-0.5%	1.39%	+1.2%
BXMT	Buy	BLACKSTONE MTG TR INC	$8,433,000	-1.3%	307,333	+0.0%	1.28%	+3.0%
HCP	Buy	HCP INC	$8,420,000	+3.6%	226,049	+1.5%	1.28%	+8.2%
SE	Buy	SPECTRA ENERGY CORP	$8,286,000	-17.2%	315,407	+2.7%	1.26%	-13.6%
JNJ	Buy	JOHNSON & JOHNSON	$8,139,000	-2.4%	87,193	+1.9%	1.24%	+1.9%
NGG	Sell	NATIONAL GRID PLCspon adr new	$8,077,000	+6.8%	116,005	-0.9%	1.23%	+11.5%
XOM	Sell	EXXON MOBIL CORP	$8,069,000	-10.7%	108,531	-0.1%	1.23%	-6.8%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$7,915,000	-0.7%	98,491	-0.8%	1.20%	+3.7%
CBI	Buy	CHICAGO BRIDGE & IRON CO N V	$7,655,000	+7.7%	193,016	+35.9%	1.16%	+12.6%
GOOGL	Buy	GOOGLE INCcl a	$7,625,000	+21.0%	11,969	+2.6%	1.16%	+26.2%
LUV	New	SOUTHWEST AIRLS CO	$7,456,000	–	195,995	–	1.14%	–
QCOM	Sell	QUALCOMM INC	$7,256,000	-22.5%	135,054	-9.6%	1.10%	-19.1%
CCIPRA	Buy	CROWN CASTLE INTL CORP NEWcnv pfd stk sr a	$7,121,000	-0.7%	69,910	+0.4%	1.08%	+3.7%
AEP	Buy	AMERICAN ELEC PWR INC	$7,115,000	+8.2%	125,132	+0.8%	1.08%	+13.0%
SO	Buy	SOUTHERN CO	$6,950,000	+8.1%	155,478	+1.3%	1.06%	+12.9%
RCI	Sell	ROGERS COMMUNICATIONS INCcl b	$6,452,000	-8.0%	187,127	-5.2%	0.98%	-3.9%
VZ	Buy	VERIZON COMMUNICATIONS INC	$5,453,000	+79.1%	125,320	+91.9%	0.83%	+86.9%
DXJ	Buy	WISDOMTREE TRjapn hedge eqt	$5,378,000	-3.1%	110,521	+13.9%	0.82%	+1.1%
HEDJ	Buy	WISDOMTREE TReurope hedged eq	$5,376,000	+44.2%	98,370	+62.5%	0.82%	+50.6%
NEE	Sell	NEXTERA ENERGY INC	$5,264,000	-1.9%	53,962	-1.4%	0.80%	+2.4%
BTZ	New	BLACKROCK CR ALLCTN INC TR	$5,251,000	–	431,484	–	0.80%	–
EMR	Buy	EMERSON ELEC CO	$5,207,000	+15.4%	117,877	+44.8%	0.79%	+20.4%
TUP	Sell	TUPPERWARE BRANDS CORP	$5,122,000	-37.5%	103,491	-18.6%	0.78%	-34.8%
EEQ	Buy	ENBRIDGE ENERGY MANAGEMENT L	$5,029,000	-27.4%	211,485	+0.7%	0.76%	-24.3%
APU	Sell	AMERIGAS PARTNERS L Punit l p int	$4,936,000	-10.3%	118,853	-1.3%	0.75%	-6.4%
FCHPRA	Buy	FELCOR LODGING TR INCpfd cv a $1.95	$4,879,000	+1.6%	196,492	+1.0%	0.74%	+6.0%
ETP	Sell	ENERGY TRANSFER PRTNRS L Punit ltd partn	$4,826,000	-24.5%	117,497	-4.0%	0.73%	-21.2%
CMP	Sell	COMPASS MINERALS INTL INC	$4,726,000	-5.5%	60,301	-1.0%	0.72%	-1.4%
TWX	New	TIME WARNER INC	$4,637,000	–	67,445	–	0.71%	–
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$4,531,000	-21.1%	181,951	-5.3%	0.69%	-17.7%
URI	Buy	UNITED RENTALS INC	$4,315,000	+112.6%	71,857	+210.1%	0.66%	+122.0%
ORAN	Sell	ORANGEsponsored adr	$4,283,000	-2.6%	283,266	-1.0%	0.65%	+1.7%
D	Sell	DOMINION RES INC VA NEW	$3,891,000	+5.0%	55,285	-0.2%	0.59%	+9.6%
PBA	Sell	PEMBINA PIPELINE CORP	$3,868,000	-26.1%	161,106	-0.5%	0.59%	-22.7%
EMN	Buy	EASTMAN CHEM CO	$3,619,000	+22.5%	55,921	+54.9%	0.55%	+28.1%
WR	Sell	WESTAR ENERGY INC	$3,509,000	+10.3%	91,296	-1.8%	0.53%	+15.1%
SLB	Sell	SCHLUMBERGER LTD	$3,490,000	-30.0%	50,597	-12.6%	0.53%	-27.0%
BACPRL	Sell	BANK AMER CORP7.25%cnv pfd l	$3,342,000	-5.6%	3,103	-2.5%	0.51%	-1.4%
SEE	New	SEALED AIR CORP NEW	$3,311,000	–	70,630	–	0.50%	–
CNP	Sell	CENTERPOINT ENERGY INC	$3,284,000	-5.6%	182,033	-0.4%	0.50%	-1.4%
WYPRA	Buy	WEYERHAEUSER COpref conv ser a	$3,243,000	+14.0%	67,970	+24.2%	0.49%	+18.8%
MEOH	Buy	METHANEX CORP	$3,221,000	-26.9%	97,142	+22.7%	0.49%	-23.7%
EQCPRD	Buy	EQUITY COMWLTHcum pfd s d 6.5%	$2,970,000	+1.1%	121,219	+0.4%	0.45%	+5.6%
CCI	Buy	CROWN CASTLE INTL CORP NEW	$2,758,000	+0.8%	34,963	+2.6%	0.42%	+5.3%
BLK	New	BLACKROCK INC	$1,893,000	–	6,363	–	0.29%	–
BA	New	BOEING CO	$1,896,000	–	14,480	–	0.29%	–
AESPRC	Buy	AES TR IIIpfd cv 6.75%	$1,708,000	-2.0%	34,428	+0.4%	0.26%	+2.4%
WELL	New	WELLTOWER INC	$1,698,000	–	25,076	–	0.26%	–
GBDC	Buy	GOLUB CAP BDC INC	$1,547,000	+4.9%	96,823	+8.7%	0.24%	+9.3%
ET	Buy	ENERGY TRANSFER EQUITY L P	$1,531,000	-35.1%	73,556	+100.0%	0.23%	-32.3%
OKE	Sell	ONEOK INC NEW	$1,306,000	-19.4%	40,560	-1.2%	0.20%	-15.7%
BPL	Buy	BUCKEYE PARTNERS L Punit ltd partn	$1,265,000	-16.1%	21,340	+4.6%	0.19%	-12.7%
WMB	Buy	WILLIAMS COS INC DEL	$1,192,000	-35.3%	32,344	+0.8%	0.18%	-32.5%
LPL	New	LG DISPLAY CO LTDspons adr rep	$1,065,000	–	112,060	–	0.16%	–
UTX	Buy	UNITED TECHNOLOGIES CORP	$1,040,000	+404.9%	11,684	+527.8%	0.16%	+426.7%
EEP	Sell	ENBRIDGE ENERGY PARTNERS L P	$1,007,000	-26.2%	40,717	-0.5%	0.15%	-23.1%
PPL	Sell	PPL CORP	$999,000	+11.0%	30,383	-0.5%	0.15%	+16.0%
BBT	Buy	BB&T CORP	$987,000	+38.6%	27,734	+57.0%	0.15%	+44.2%
MS	New	MORGAN STANLEY	$936,000	–	29,715	–	0.14%	–
PEP	Buy	PEPSICO INC	$856,000	+11.7%	9,074	+10.6%	0.13%	+16.1%
MMP	Buy	MAGELLAN MIDSTREAM PRTNRS LP	$820,000	-7.0%	13,635	+13.4%	0.12%	-3.1%
INTC	Buy	INTEL CORP	$803,000	-0.6%	26,628	+0.2%	0.12%	+3.4%
PFE	Buy	PFIZER INC	$788,000	-4.8%	25,089	+1.6%	0.12%	-0.8%
CVX	Buy	CHEVRON CORP NEW	$770,000	-12.4%	9,757	+7.1%	0.12%	-8.6%
BK	Buy	BANK NEW YORK MELLON CORP	$670,000	-0.9%	17,108	+6.2%	0.10%	+3.0%
WMT	Buy	WAL-MART STORES INC	$667,000	+5.0%	10,282	+14.9%	0.10%	+8.6%
T	Buy	AT&T INC	$596,000	+12.0%	18,299	+22.2%	0.09%	+16.7%
DHR	Sell	DANAHER CORP DEL	$564,000	-39.9%	6,617	-39.7%	0.09%	-37.2%
TCP	Sell	TC PIPELINES LP	$488,000	-17.4%	10,256	-1.1%	0.07%	-14.0%
ZINCQ	Sell	HORSEHEAD HLDG CORP	$427,000	-75.6%	140,450	-6.0%	0.06%	-74.5%
ORLY	Buy	O REILLY AUTOMOTIVE INC NEW	$419,000	+12.3%	1,675	+1.5%	0.06%	+18.5%
IVV	Buy	ISHARES TRcore s&p500 etf	$422,000	-6.2%	2,188	+0.8%	0.06%	-3.0%
IGSB	Sell	ISHARES TR1-3 yr cr bd etf	$405,000	-40.5%	3,850	-40.5%	0.06%	-37.4%
DIS	Buy	DISNEY WALT CO	$397,000	+9.7%	3,886	+22.5%	0.06%	+13.2%
JPM	Buy	JPMORGAN CHASE & CO	$384,000	-2.0%	6,292	+8.6%	0.06%	+1.8%
NTCT	New	NETSCOUT SYS INC	$370,000	–	10,459	–	0.06%	–
CRT	Sell	CROSS TIMBERS RTY TRtr unit	$309,000	-9.6%	19,965	-3.7%	0.05%	-6.0%
AZO	New	AUTOZONE INC	$290,000	–	400	–	0.04%	–
CVS	Buy	CVS HEALTH CORP	$281,000	+13.8%	2,908	+23.3%	0.04%	+19.4%
NSC	Buy	NORFOLK SOUTHERN CORP	$279,000	+6.1%	3,648	+21.3%	0.04%	+10.5%
SDS	Sell	PROSHARES TR	$279,000	-39.7%	12,000	-45.5%	0.04%	-37.3%
MON	New	MONSANTO CO NEW	$277,000	–	3,245	–	0.04%	–
PSX	New	PHILLIPS 66	$219,000	–	2,844	–	0.03%	–
LINEQ	Exit	LINN ENERGY LLCmlp	$0	–	-10,000	–	-0.01%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-1,249	–	-0.03%	–
BX	Exit	BLACKSTONE GROUP LP	$0	–	-5,508	–	-0.03%	–
DEM	Exit	WISDOMTREE EMERGING MARKETS EQUITY INCOME ETFetf	$0	–	-8,270	–	-0.05%	–
ERF	Exit	ENERPLUS CORP	$0	–	-98,249	–	-0.13%	–
AFL	Exit	AFLAC INC COM	$0	–	-17,220	–	-0.16%	–
HCN	Exit	HEALTH CARE REIT INC COM	$0	–	-25,076	–	-0.24%	–
UTXPRA	Exit	UNITED TECHNOLOGIES CORP CORP UNITpfd	$0	–	-44,415	–	-0.37%	–
CG	Exit	CARLYLE GROUP L P COM UTS LTD PTNmlp	$0	–	-175,143	–	-0.72%	–
MTCN	Exit	ARCELORMITTAL SA LUXEMBOURG MAND CV NT 16pfd	$0	–	-333,054	–	-0.76%	–

Q2 2015

			Value		Shares		↓ Weighting
BRKB	New	BERKSHIRE HATHAWAY INC DEL CL B	$27,546,000	–	202,374	–	4.01%	–
LOW	New	LOWES COS INC COM	$25,048,000	–	373,996	–	3.65%	–
NVS	New	NOVARTIS AG ADRadr	$22,787,000	–	231,718	–	3.32%	–
AAPL	New	APPLE INC	$22,742,000	–	181,331	–	3.31%	–
JCI	New	JOHNSON CTLS INC	$21,085,000	–	425,667	–	3.07%	–
GILD	New	GILEAD SCIENCES INC	$20,662,000	–	176,494	–	3.01%	–
MSFT	New	MICROSOFT	$20,117,000	–	455,649	–	2.93%	–
KMI	New	KINDER MORGAN INC	$19,085,000	–	497,125	–	2.78%	–
GE	New	GENERAL ELECTRIC CO COM	$18,924,000	–	712,242	–	2.76%	–
ESRX	New	EXPRESS SCRIPTS INC	$18,743,000	–	210,741	–	2.73%	–
ANTM	New	ANTHEM INC COM	$18,205,000	–	110,915	–	2.65%	–
PNC	New	PNC FINL SVCS GROUP INC COM	$16,090,000	–	168,216	–	2.34%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$15,686,000	–	178,320	–	2.29%	–
MMM	New	3M CO COM	$15,560,000	–	100,845	–	2.27%	–
AIG	New	AMERICAN INTL GROUP INC COM NEW	$14,873,000	–	240,591	–	2.17%	–
KSS	New	KOHLS CORP COM	$13,708,000	–	218,945	–	2.00%	–
CSCO	New	CISCO SYS INC	$13,019,000	–	474,093	–	1.90%	–
ARCC	New	ARES CAP CORP COMcef	$11,214,000	–	681,308	–	1.63%	–
SE	New	SPECTRA ENERGY CORP	$10,010,000	–	307,052	–	1.46%	–
UPS	New	UNITED PARCEL SERVICE INC	$9,737,000	–	100,470	–	1.42%	–
SNY	New	SANOFI SAadr	$9,711,000	–	196,058	–	1.42%	–
GD	New	GENERAL DYNAMICS CORP COM	$9,404,000	–	66,370	–	1.37%	–
QCOM	New	QUALCOMM INC	$9,359,000	–	149,429	–	1.36%	–
AXP	New	AMERICAN EXPRESS CO COM	$9,284,000	–	119,455	–	1.35%	–
XOM	New	EXXON MOBIL CORP COM	$9,039,000	–	108,650	–	1.32%	–
O	New	REALTY INCOME CORP	$8,939,000	–	201,383	–	1.30%	–
BXMT	New	BLACKSTONE MTG TR INC COM CL A	$8,547,000	–	307,213	–	1.25%	–
JNJ	New	JOHNSON & JOHNSON COM	$8,335,000	–	85,526	–	1.22%	–
GOOG	New	GOOGLE INC - CLASS C	$8,213,000	–	15,778	–	1.20%	–
TUP	New	TUPPERWARE BRANDS CORP COM	$8,201,000	–	127,075	–	1.20%	–
HCP	New	HEALTH CARE PPTY INVS INC	$8,124,000	–	222,766	–	1.18%	–
ADP	New	AUTOMATIC DATA PROCESSING INC COM	$7,968,000	–	99,307	–	1.16%	–
NGG	New	NATIONAL GRID PLC SPON ADR NEWadr	$7,561,000	–	117,105	–	1.10%	–
CCIPRA	New	CROWN CASTLE INTL CORP NEW CNV PFD STK SR Apfd	$7,173,000	–	69,660	–	1.04%	–
CBI	New	CHICAGO BRIDGE & IRON CO NV SHS	$7,105,000	–	142,008	–	1.04%	–
RCI	New	ROGERS COMMUNICATIONS INC	$7,011,000	–	197,341	–	1.02%	–
EEQ	New	ENBRIDGE ENERGY MGMTLLC	$6,928,000	–	209,924	–	1.01%	–
AEP	New	AMERICAN ELEC PWR INC COM	$6,574,000	–	124,115	–	0.96%	–
SO	New	SOUTHERN CO COM	$6,429,000	–	153,441	–	0.94%	–
ETP	New	ENERGY TRANSFER PARTNERS LPmlp	$6,389,000	–	122,402	–	0.93%	–
GOOGL	New	GOOGLE INC	$6,303,000	–	11,671	–	0.92%	–
EPD	New	ENTERPRISE PRODS PARTNERS L P	$5,741,000	–	192,071	–	0.84%	–
DXJ	New	WISDOMTREE JAPAN HEDGED EQUITYetf	$5,551,000	–	97,050	–	0.81%	–
APU	New	AMERIGAS PARTNERS L P UNIT L P INTmlp	$5,504,000	–	120,413	–	0.80%	–
NEE	New	NEXTERA ENERGY INC COM	$5,364,000	–	54,717	–	0.78%	–
PBA	New	PEMBINA PIPELINE CORP COM	$5,231,000	–	161,956	–	0.76%	–
MTCN	New	ARCELORMITTAL SA LUXEMBOURG MAND CV NT 16pfd	$5,200,000	–	333,054	–	0.76%	–
CMP	New	COMPASS MINERALS INTL INC COM	$5,003,000	–	60,901	–	0.73%	–
SLB	New	SCHLUMBERGER LTD COM	$4,988,000	–	57,872	–	0.73%	–
CG	New	CARLYLE GROUP L P COM UTS LTD PTNmlp	$4,930,000	–	175,143	–	0.72%	–
FCHPRA	New	FELCOR LODGING TR INC PFD CV A $1.95pfd	$4,800,000	–	194,592	–	0.70%	–
WFCPRL	New	WELLS FARGO & CO NEW PERP PFD CNV Apfd	$4,644,000	–	3,952	–	0.68%	–
EMR	New	EMERSON ELEC CO COM	$4,513,000	–	81,406	–	0.66%	–
MEOH	New	METHANEX CORP COM	$4,405,000	–	79,145	–	0.64%	–
ORAN	New	ORANGE SPONSORED ADRadr	$4,397,000	–	286,266	–	0.64%	–
BRKA	New	BERKSHIRE HATHAWAY INC DEL CL A	$4,097,000	–	20	–	0.60%	–
HEDJ	New	WISDOMTREE EUROPE HEDGED EQUITY FUNDetf	$3,727,000	–	60,520	–	0.54%	–
D	New	DOMINION RESOURCES INC	$3,704,000	–	55,385	–	0.54%	–
BACPRL	New	BANK AMER CORP 7.25%NON CUM PERPETUAL CONV PFD SER L MAT 1/29/08pfd	$3,539,000	–	3,183	–	0.52%	–
CNP	New	CENTERPOINT ENERGY INC COM	$3,479,000	–	182,792	–	0.51%	–
WR	New	WESTAR ENERGY INC COM	$3,182,000	–	92,996	–	0.46%	–
VZ	New	VERIZON COMMUNICATIONS	$3,045,000	–	65,321	–	0.44%	–
EMN	New	EASTMAN CHEMICAL CO	$2,954,000	–	36,100	–	0.43%	–
EQCPRD	New	EQUITY COMWLTH CUM PFD S D 6.5%pfd	$2,938,000	–	120,719	–	0.43%	–
WYPRA	New	WEYERHAEUSER CO PREF CONV SER Apfd	$2,845,000	–	54,705	–	0.42%	–
CCI	New	CROWN CASTLE INTL CORP NEW COM	$2,735,000	–	34,061	–	0.40%	–
UTXPRA	New	UNITED TECHNOLOGIES CORP CORP UNITpfd	$2,545,000	–	44,415	–	0.37%	–
ATO	New	ATMOS ENERGY CORP COM	$2,409,000	–	46,975	–	0.35%	–
ET	New	ENERGY TRANSFER EQUITY L P COM UNIT LTD PARTNERSHIPmlp	$2,360,000	–	36,778	–	0.34%	–
URI	New	UNITED RENTALS INC COM	$2,030,000	–	23,172	–	0.30%	–
XEL	New	XCEL ENERGY INC COM	$1,844,000	–	57,290	–	0.27%	–
EQCPRECL	New	EQUITY COMWLTH CUM PFD E 7.25%pfd	$1,842,000	–	72,200	–	0.27%	–
WMB	New	WILLIAMS COS INC DEL COM	$1,842,000	–	32,093	–	0.27%	–
CSGP	New	COSTAR GRP INC	$1,832,000	–	9,102	–	0.27%	–
ZINCQ	New	HORSEHEAD HLDG CORP COM	$1,752,000	–	149,450	–	0.26%	–
AESPRC	New	AES TR III PFD CV 6.75%pfd	$1,743,000	–	34,278	–	0.25%	–
HCN	New	HEALTH CARE REIT INC COM	$1,646,000	–	25,076	–	0.24%	–
OKE	New	ONEOK INC NEW COM	$1,620,000	–	41,033	–	0.24%	–
BPL	New	BUCKEYE PARTNERS L P UNIT LTD PARTNmlp	$1,508,000	–	20,395	–	0.22%	–
GBDC	New	GOLUB CAP BDC INC	$1,475,000	–	89,088	–	0.22%	–
EEP	New	ENBRIDGE ENERGY PARTNERS L P COM	$1,364,000	–	40,917	–	0.20%	–
ES	New	EVERSOURCE ENERGY	$1,207,000	–	26,590	–	0.18%	–
BMR	New	BIOMED REALTY TRUST INC COM	$1,107,000	–	57,255	–	0.16%	–
AFL	New	AFLAC INC COM	$1,071,000	–	17,220	–	0.16%	–
UBSI	New	UNITED BANKSHARES INC WEST VA COM	$1,073,000	–	26,674	–	0.16%	–
CI	New	CIGNA CORPORATION COM	$967,000	–	5,967	–	0.14%	–
DHR	New	DANAHER CORP	$939,000	–	10,976	–	0.14%	–
JFR	New	NUVEEN FLOATING RATE INCOME FD COM	$911,000	–	84,842	–	0.13%	–
WFC	New	WELLS FARGO & CO NEW COM	$913,000	–	16,231	–	0.13%	–
PPL	New	PPL CORP	$900,000	–	30,533	–	0.13%	–
MMP	New	MAGELLAN MIDSTREAM PARTNERS LPmlp	$882,000	–	12,020	–	0.13%	–
CVX	New	CHEVRON CORP NEW COM	$879,000	–	9,107	–	0.13%	–
ERF	New	ENERPLUS CORP	$864,000	–	98,249	–	0.13%	–
PFE	New	PFIZER INC COM	$828,000	–	24,695	–	0.12%	–
INTC	New	INTEL CORP COM	$808,000	–	26,578	–	0.12%	–
BCE	New	BCE INC COM NEW	$784,000	–	18,443	–	0.11%	–
PEP	New	PEPSICO INC COM	$766,000	–	8,204	–	0.11%	–
BBT	New	BB&T CORP COM	$712,000	–	17,663	–	0.10%	–
IGSB	New	ISHARES 1-3 YR CREDIT BOND ETFetf	$681,000	–	6,470	–	0.10%	–
BK	New	BANK NEW YORK MELLON CORP COM	$676,000	–	16,108	–	0.10%	–
WMT	New	WAL-MART STORES INC COM	$635,000	–	8,949	–	0.09%	–
SNHY	New	SUN HYDRAULICS CORP COM	$604,000	–	15,853	–	0.09%	–
TCP	New	TC PIPELINES LP UT COM LTD PRTmlp	$591,000	–	10,366	–	0.09%	–
T	New	AT&T INC COM	$532,000	–	14,972	–	0.08%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC COM	$507,000	–	6,000	–	0.07%	–
POM	New	PEPCO HOLDINGS INC COM	$473,000	–	17,564	–	0.07%	–
SDS	New	PROSHARES ULTRASHORT S&P 500etf	$463,000	–	22,000	–	0.07%	–
IVV	New	ISHARES S&P 500 INDEXetf	$450,000	–	2,170	–	0.07%	–
MKL	New	MARKEL CORP HOLDING CO	$456,000	–	570	–	0.07%	–
PAA	New	PLAINS ALL AMERICAN PIPELINE LPmlp	$430,000	–	9,867	–	0.06%	–
MIC	New	MACQUARIE INFRASTRUCTURE CORP COM	$413,000	–	5,000	–	0.06%	–
JPM	New	JPMORGAN CHASE & CO COM	$392,000	–	5,792	–	0.06%	–
DLS	New	WISDOMTREE INTL SMALLCAP DIVIDENDetf	$375,000	–	6,230	–	0.06%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$373,000	–	1,650	–	0.05%	–
DIS	New	DISNEY WALT CO COM DISNEY	$362,000	–	3,171	–	0.05%	–
DWM	New	WISDOMTREE DEFA FUNDetf	$357,000	–	6,988	–	0.05%	–
DEM	New	WISDOMTREE EMERGING MARKETS EQUITY INCOME ETFetf	$357,000	–	8,270	–	0.05%	–
BIIB	New	BIOGEN IDEC INC	$349,000	–	865	–	0.05%	–
CRT	New	CROSS TIMBERS RTY TR TR UNIT	$342,000	–	20,740	–	0.05%	–
BBN	New	BLACKROCK BUILD AMER BDcef	$326,000	–	16,430	–	0.05%	–
COP	New	CONOCOPHILLIPS COM	$292,000	–	4,756	–	0.04%	–
NS	New	NUSTAR ENERGY LP UNIT COM	$270,000	–	4,545	–	0.04%	–
NSC	New	NORFOLK SOUTHERN CORP COM	$263,000	–	3,008	–	0.04%	–
MRK	New	MERCK & CO INC	$255,000	–	4,478	–	0.04%	–
CSX	New	CSX CORP	$254,000	–	7,779	–	0.04%	–
IWF	New	ISHARES RUSSELL 1000 GROWTH ETFetf	$254,000	–	2,568	–	0.04%	–
CVS	New	CVS HEALTH CORP COM	$247,000	–	2,358	–	0.04%	–
KO	New	COCA COLA CO COM	$241,000	–	6,156	–	0.04%	–
RLJ	New	RLJ LODGING TR COM	$241,000	–	8,100	–	0.04%	–
YUM	New	YUM! BRANDS INC	$231,000	–	2,560	–	0.03%	–
BX	New	BLACKSTONE GROUP LP	$225,000	–	5,508	–	0.03%	–
CL	New	COLGATE PALMOLIVE CO COM	$229,000	–	3,504	–	0.03%	–
STLD	New	STEEL DYNAMICS INC COM	$219,000	–	10,590	–	0.03%	–
PM	New	PHILIP MORRIS INTL INC	$217,000	–	2,706	–	0.03%	–
LLY	New	LILLY ELI & CO COM	$216,000	–	2,590	–	0.03%	–
ACN	New	ACCENTURE LTD BERMUDA CL A	$210,000	–	2,175	–	0.03%	–
IBM	New	INTL BUSINESS MACHINES	$203,000	–	1,249	–	0.03%	–
UTX	New	UNITED TECHNOLOGIES CORP COM	$206,000	–	1,861	–	0.03%	–
NVAX	New	NOVAVAX INC COM	$167,000	–	15,000	–	0.02%	–
PDT	New	HANCOCK JOHN PREMUIM DIV FD COM SH BEN INT	$131,000	–	10,000	–	0.02%	–
LINEQ	New	LINN ENERGY LLCmlp	$89,000	–	10,000	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
NVAX	Exit	NOVAVAX INC COM	$0	–	-15,000	–	-0.01%	–
PDT	Exit	HANCOCK JOHN PREMUIM DIV FD COM SH BEN INT	$0	–	-10,000	–	-0.02%	–
DIS	Exit	WALT DISNEY CO	$0	–	-2,268	–	-0.03%	–
MYL	Exit	MYLAN LABS INC	$0	–	-4,500	–	-0.03%	–
STLD	Exit	STEEL DYNAMICS INC COM	$0	–	-9,190	–	-0.03%	–
PSX	Exit	PHILLIPS 66	$0	–	-2,666	–	-0.03%	–
LLY	Exit	ELI LILLY AND CO	$0	–	-3,450	–	-0.03%	–
IVV	Exit	ISHARES S&P 500 INDEX	$0	–	-1,146	–	-0.03%	–
RLJ	Exit	RLJ LODGING TR COM	$0	–	-8,100	–	-0.03%	–
IWF	Exit	ISHARES RUSSELL 1000 GROWTH ETF	$0	–	-2,568	–	-0.04%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW COM	$0	–	-1,650	–	-0.04%	–
DWM	Exit	WISDOMTREE DEFA FUND	$0	–	-4,848	–	-0.04%	–
CSX	Exit	CSX CORP	$0	–	-7,779	–	-0.04%	–
MRK	Exit	MERCK & CO INC NEW COM	$0	–	-4,502	–	-0.04%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,178	–	-0.04%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC	$0	–	-3,451	–	-0.04%	–
NS	Exit	NUSTAR ENERGY LP UNIT COM	$0	–	-4,545	–	-0.04%	–
LINEQ	Exit	LINN ENERGY LLC	$0	–	-10,000	–	-0.04%	–
NSC	Exit	NORFOLK SOUTHERN CORP COM	$0	–	-3,008	–	-0.05%	–
MIC	Exit	MACQUARIE INFRASTR CO LLC MEMBERSHIP INT	$0	–	-5,000	–	-0.05%	–
SDS	Exit	PROSHARES ULTRASHORT S&P 500	$0	–	-14,000	–	-0.05%	–
BIIB	Exit	BIOGEN IDEC INC COM	$0	–	-1,075	–	-0.05%	–
WAG	Exit	WALGREEN COMPANY	$0	–	-6,000	–	-0.05%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-4,848	–	-0.05%	–
MKL	Exit	MARKEL CORP COM	$0	–	-645	–	-0.06%	–
BBN	Exit	BLACKROCK BUILD AMER BD TR SHS	$0	–	-20,950	–	-0.06%	–
POM	Exit	PEPCO HLDGS INC	$0	–	-17,564	–	-0.07%	–
WU	Exit	WESTERN UN CO COM	$0	–	-29,620	–	-0.07%	–
PAA	Exit	PLAINS ALL AMERICAN PIPELINE LP	$0	–	-9,050	–	-0.08%	–
CI	Exit	CIGNA CORPORATION COM	$0	–	-5,967	–	-0.08%	–
SNHY	Exit	SUN HYDRAULICS CORP COM	$0	–	-16,523	–	-0.09%	–
BK	Exit	BANK NEW YORK MELLON CORP COM	$0	–	-16,248	–	-0.09%	–
T	Exit	AT&T INC COM	$0	–	-18,042	–	-0.09%	–
BBT	Exit	BB&T CORP	$0	–	-17,663	–	-0.10%	–
CRT	Exit	CROSS TIMBERS RTY TR TR UNIT	$0	–	-21,515	–	-0.10%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-8,949	–	-0.10%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-11,423	–	-0.10%	–
OKE	Exit	ONEOK INC NEW	$0	–	-11,503	–	-0.11%	–
PEP	Exit	PEPSICO INC	$0	–	-8,170	–	-0.11%	–
KO	Exit	COCA COLA CO	$0	–	-18,070	–	-0.11%	–
TCP	Exit	TC PIPELINES LP UT COM LTD PRT	$0	–	-11,452	–	-0.11%	–
IGSB	Exit	ISHARES 1-3 YEAR CREDIT BOND ETF	$0	–	-7,485	–	-0.12%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-32,591	–	-0.12%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-15,729	–	-0.12%	–
BCE	Exit	BCE INC COM	$0	–	-19,291	–	-0.12%	–
DHR	Exit	DANAHER CORP	$0	–	-10,816	–	-0.12%	–
JFR	Exit	NUVEEN FLOATING RATE INCOME FD COM	$0	–	-83,337	–	-0.14%	–
MMP	Exit	MAGELLAN MIDSTREAM PARTNERS LP	$0	–	-11,680	–	-0.14%	–
PPL	Exit	PPL CORP	$0	–	-30,853	–	-0.15%	–
CVX	Exit	CHEVRON CORP	$0	–	-8,553	–	-0.15%	–
PFE	Exit	PFIZER INC	$0	–	-35,675	–	-0.16%	–
DNOW	Exit	NOW INC	$0	–	-36,235	–	-0.16%	–
BMR	Exit	BIOMED REALTY TRUST INC COM	$0	–	-56,635	–	-0.17%	–
NU	Exit	NORTHEAST UTILITIES	$0	–	-26,590	–	-0.17%	–
INTC	Exit	INTEL	$0	–	-40,158	–	-0.20%	–
CSGP	Exit	COSTAR GROUP INC COM	$0	–	-10,302	–	-0.24%	–
HCN	Exit	HEALTH CARE REIT INC COM	$0	–	-26,060	–	-0.24%	–
BPL	Exit	BUCKEYE PARTNERS L P UNIT LTD PARTN	$0	–	-20,865	–	-0.24%	–
EEP	Exit	ENBRIDGE ENERGY PARTNERS L P COM	$0	–	-45,288	–	-0.26%	–
MEOH	Exit	METHANEX CORP COM	$0	–	-25,887	–	-0.26%	–
AESPRC	Exit	AES TR III PFD CV 6.75%pfd	$0	–	-34,613	–	-0.26%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-58,636	–	-0.26%	–
EQCPRD	Exit	EQUITY COMWLTH CUM PFD S D 6.5%pfd	$0	–	-75,257	–	-0.26%	–
EQCPRECL	Exit	EQUITY COMWLTH CUM PFD E 7.25%pfd	$0	–	-74,416	–	-0.28%	–
ERF	Exit	ENERPLUS CORP COM	$0	–	-111,339	–	-0.31%	–
ATO	Exit	ATMOS ENERGY CORP COM	$0	–	-46,975	–	-0.33%	–
ET	Exit	ENERGY TRANSFER EQUITY L P COM UT LTD PTN	$0	–	-40,340	–	-0.36%	–
ZINCQ	Exit	HORSEHEAD HLDG CORP COM	$0	–	-149,450	–	-0.37%	–
UTXPRA	Exit	UNITED TECHNOLOGIES CORP CORP UNIT	$0	–	-45,190	–	-0.39%	–
WYPRA	Exit	WEYERHAEUSER CO PREF CONV SER Apfd	$0	–	-57,450	–	-0.46%	–
DXJ	Exit	WISDOMTREE JAPAN HEDGED EQUITY FUND	$0	–	-61,610	–	-0.47%	–
WR	Exit	WESTAR ENERGY INC COM	$0	–	-98,648	–	-0.49%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-68,731	–	-0.50%	–
BACPRL	Exit	BANK AMER CORP 7.25%CNV PFD Lpfd	$0	–	-3,238	–	-0.54%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-56,112	–	-0.57%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DEL CL A	$0	–	-19	–	-0.58%	–
VOD	Exit	VODAFONE GROUP NEW ADR F	$0	–	-119,847	–	-0.58%	–
ORAN	Exit	ORANGE SPONSORED ADR	$0	–	-294,501	–	-0.64%	–
PFG	Exit	PRINCIPAL FINL GROUP INC COM	$0	–	-87,227	–	-0.67%	–
4945SC	Exit	KINDER MORGAN ENERGY PTNRS LP	$0	–	-50,294	–	-0.69%	–
FCHPRA	Exit	FELCOR LODGING TR INC PFD CV A $1.95pfd	$0	–	-185,374	–	-0.70%	–
WFCPRL	Exit	WELLS FARGO & CO NEW PERP PFD CNV Apfd	$0	–	-4,030	–	-0.71%	–
AEP	Exit	AMERICAN ELEC PWR CO	$0	–	-99,214	–	-0.76%	–
CMP	Exit	COMPASS MINERALS INTL INC COM	$0	–	-61,756	–	-0.76%	–
NEE	Exit	NEXTERA ENERGY INC SHS	$0	–	-56,715	–	-0.78%	–
SO	Exit	SOUTHERN CO	$0	–	-122,416	–	-0.78%	–
APU	Exit	AMERIGAS PARTNERS L P UNIT L P INT	$0	–	-117,720	–	-0.79%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-56,762	–	-0.85%	–
BXMT	Exit	BLACKSTONE MTG TR INC COM CL A	$0	–	-223,955	–	-0.89%	–
SNY	Exit	SANOFI SA	$0	–	-118,160	–	-0.98%	–
RCI	Exit	ROGERS COMMUNICATIONS INC	$0	–	-179,795	–	-0.99%	–
GOOG	Exit	GOOGLE INC CL C	$0	–	-11,857	–	-1.00%	–
PBA	Exit	PEMBINA PIPELINE CORP COM	$0	–	-165,325	–	-1.02%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L P	$0	–	-173,483	–	-1.03%	–
GOOGL	Exit	GOOGLE INC	$0	–	-11,886	–	-1.03%	–
CG	Exit	CARLYLE GROUP L P COM UTS LTD PTN	$0	–	-230,146	–	-1.03%	–
HCP	Exit	HCP INC COM	$0	–	-185,845	–	-1.08%	–
CCIPRA	Exit	CROWN CASTLE INTL CORP CNV PFD STK SR Apfd	$0	–	-70,340	–	-1.09%	–
GM	Exit	GENERAL MTRS CO COM	$0	–	-239,605	–	-1.12%	–
EEQ	Exit	ENBRIDGE ENERGY MANAGEMENT LLC SHS UNITS LLI	$0	–	-206,391	–	-1.13%	–
TUP	Exit	TUPPERWARE BRANDS CORP COM	$0	–	-113,099	–	-1.15%	–
O	Exit	REALTY INCOME CORP	$0	–	-191,692	–	-1.15%	–
ETP	Exit	ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN	$0	–	-124,734	–	-1.17%	–
QCOM	Exit	QUALCOMM INC	$0	–	-107,206	–	-1.18%	–
MTCN	Exit	ARCELORMITTAL SA LUXEMBOURG MAND CV NT 16pfd	$0	–	-399,900	–	-1.24%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-102,234	–	-1.25%	–
NGG	Exit	NATIONAL GRID PLC SPON ADR NEW	$0	–	-120,642	–	-1.27%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-47,280	–	-1.32%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-104,277	–	-1.34%	–
GD	Exit	GENERAL DYNAMICS	$0	–	-72,112	–	-1.35%	–
ARCC	Exit	ARES CAP CORP COM	$0	–	-568,468	–	-1.35%	–
COF	Exit	CAPITAL ONE FINL CORP COM	$0	–	-121,251	–	-1.45%	–
AFL	Exit	AFLAC INC	$0	–	-174,497	–	-1.49%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-110,754	–	-1.53%	–
UPS	Exit	UNITED PARCEL SERVICE INC	$0	–	-108,357	–	-1.56%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-276,135	–	-1.59%	–
DVN	Exit	DEVON ENERGY CORP NEW COM	$0	–	-162,603	–	-1.63%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-147,654	–	-1.66%	–
CSCO	Exit	CISCO SYS INC	$0	–	-476,213	–	-1.76%	–
AIG	Exit	AMER INTL GROUP INC	$0	–	-222,355	–	-1.76%	–
ESRX	Exit	EXPRESS SCRIPTS INC	$0	–	-179,535	–	-1.86%	–
KSS	Exit	KOHLS CORP COM	$0	–	-211,334	–	-1.90%	–
PNC	Exit	PNC FINL SVCS GROUP	$0	–	-151,163	–	-1.90%	–
KMR	Exit	KINDER MORGAN MGMT LLC	$0	–	-156,431	–	-2.16%	–
MMM	Exit	3M COMPANY	$0	–	-106,432	–	-2.21%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-641,783	–	-2.41%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-154,345	–	-2.42%	–
JCI	Exit	JOHNSON CTLS INC COM	$0	–	-384,775	–	-2.49%	–
AAPL	Exit	APPLE INC	$0	–	-173,795	–	-2.57%	–
V107SC	Exit	WELLPOINT INC	$0	–	-152,133	–	-2.68%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-171,953	–	-2.69%	–
LOW	Exit	LOWES COMPANIES	$0	–	-387,188	–	-3.01%	–
MSFT	Exit	MICROSOFT	$0	–	-442,403	–	-3.01%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-240,029	–	-3.32%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CL B	$0	–	-191,501	–	-3.88%	–

Q3 2014

			Value		Shares		↓ Weighting
BRKB	Sell	BERKSHIRE HATHAWAY INC DEL CL B	$26,458,000	+9.0%	191,501	-0.1%	3.88%	+8.7%
NVS	Sell	NOVARTIS AG ADR	$22,581,000	+2.5%	240,029	-1.4%	3.32%	+2.2%
MSFT	Buy	MICROSOFT	$20,514,000	+11.2%	442,403	+0.1%	3.01%	+10.9%
LOW	Sell	LOWES COMPANIES	$20,511,000	+8.9%	387,188	-1.5%	3.01%	+8.5%
JNJ	Sell	JOHNSON & JOHNSON	$18,328,000	+0.8%	171,953	-1.0%	2.69%	+0.6%
V107SC	Buy	WELLPOINT INC	$18,218,000	+12.4%	152,133	+1.0%	2.68%	+12.1%
AAPL	Buy	APPLE INC	$17,496,000	+9.8%	173,795	+1.2%	2.57%	+9.5%
JCI	Buy	JOHNSON CTLS INC COM	$16,951,000	-9.9%	384,775	+2.2%	2.49%	-10.1%
GILD	Buy	GILEAD SCIENCES INC	$16,446,000	+31.0%	154,345	+2.0%	2.42%	+30.7%
GE	Buy	GENERAL ELECTRIC CO	$16,427,000	-1.0%	641,783	+1.7%	2.41%	-1.2%
MMM	Sell	3M COMPANY	$15,083,000	-2.1%	106,432	-1.0%	2.21%	-2.4%
KMR	Buy	KINDER MORGAN MGMT LLC	$14,728,000	+21.3%	156,431	+1.7%	2.16%	+20.9%
PNC	Sell	PNC FINL SVCS GROUP	$12,939,000	-3.9%	151,163	-0.0%	1.90%	-4.2%
KSS	Sell	KOHLS CORP COM	$12,905,000	+15.5%	211,334	-0.2%	1.90%	+15.2%
ESRX	Buy	EXPRESS SCRIPTS INC	$12,700,000	+10.2%	179,535	+8.1%	1.86%	+9.9%
AIG	Buy	AMER INTL GROUP INC	$12,017,000	+0.4%	222,355	+1.4%	1.76%	+0.1%
CSCO	Sell	CISCO SYS INC	$11,984,000	+1.3%	476,213	-0.0%	1.76%	+1.0%
NOV	Buy	NATIONAL OILWELL VARCO INC	$11,296,000	-7.0%	147,654	+0.2%	1.66%	-7.3%
DVN	Buy	DEVON ENERGY CORP NEW COM	$11,121,000	-11.8%	162,603	+2.4%	1.63%	-12.0%
SE	Sell	SPECTRA ENERGY CORP	$10,841,000	-8.5%	276,135	-1.0%	1.59%	-8.8%
UPS	Sell	UNITED PARCEL SERVICE INC	$10,642,000	-5.0%	108,357	-0.7%	1.56%	-5.3%
XOM	Buy	EXXON MOBIL CORP	$10,421,000	+0.8%	110,754	+7.9%	1.53%	+0.5%
AFL	Sell	AFLAC INC	$10,168,000	-12.9%	174,497	-6.9%	1.49%	-13.1%
COF	Buy	CAPITAL ONE FINL CORP COM	$9,901,000	+6.2%	121,251	+7.5%	1.45%	+5.9%
ARCC	Sell	ARES CAP CORP COM	$9,186,000	-10.0%	568,468	-0.5%	1.35%	-10.2%
GD	Sell	GENERAL DYNAMICS	$9,165,000	+5.9%	72,112	-2.9%	1.35%	+5.6%
AXP	Sell	AMERICAN EXPRESS CO	$9,135,000	-7.9%	104,277	-0.3%	1.34%	-8.2%
IBM	Buy	INTL BUSINESS MACHINES	$8,973,000	+76.9%	47,280	+69.1%	1.32%	+76.3%
NGG	Sell	NATIONAL GRID PLC SPON ADR NEW	$8,672,000	-3.8%	120,642	-0.5%	1.27%	-4.1%
ADP	Sell	AUTOMATIC DATA PROCESSING INC	$8,490,000	+2.8%	102,234	-1.9%	1.25%	+2.5%
MTCN	Buy	ARCELORMITTAL SA LUXEMBOURG MAND CV NT 16pfd	$8,450,000	-5.3%	399,900	+0.8%	1.24%	-5.5%
QCOM	Buy	QUALCOMM INC	$8,016,000	+3577.1%	107,206	+3794.2%	1.18%	+3578.1%
ETP	Buy	ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN	$7,982,000	+10.5%	124,734	+0.1%	1.17%	+10.2%
O	Buy	REALTY INCOME CORP	$7,819,000	-3.8%	191,692	+4.7%	1.15%	-4.1%
TUP	Sell	TUPPERWARE BRANDS CORP COM	$7,816,000	-17.5%	113,099	-0.1%	1.15%	-17.6%
EEQ	Buy	ENBRIDGE ENERGY MANAGEMENT LLC SHS UNITS LLI	$7,680,000	+6.2%	206,391	+0.6%	1.13%	+5.9%
GM	Sell	GENERAL MTRS CO COM	$7,663,000	-19.6%	239,605	-8.6%	1.12%	-19.8%
CCIPRA	Buy	CROWN CASTLE INTL CORP CNV PFD STK SR Apfd	$7,398,000	+8.8%	70,340	+5.4%	1.09%	+8.4%
HCP	Buy	HCP INC COM	$7,380,000	-0.0%	185,845	+4.2%	1.08%	-0.3%
CG	Sell	CARLYLE GROUP L P COM UTS LTD PTN	$7,010,000	-10.9%	230,146	-0.6%	1.03%	-11.1%
GOOGL	Sell	GOOGLE INC	$6,993,000	-0.7%	11,886	-1.3%	1.03%	-1.0%
EPD	Buy	ENTERPRISE PRODS PARTNERS L P	$6,991,000	+8.8%	173,483	+111.5%	1.03%	+8.5%
PBA	Buy	PEMBINA PIPELINE CORP COM	$6,967,000	-1.7%	165,325	+0.4%	1.02%	-1.9%
GOOG	Sell	GOOGLE INC CL C	$6,844,000	-1.1%	11,857	-1.4%	1.00%	-1.4%
RCI	Sell	ROGERS COMMUNICATIONS INC	$6,728,000	-11.8%	179,795	-5.1%	0.99%	-12.0%
SNY	Buy	SANOFI SA	$6,643,000	+42.2%	118,160	+34.7%	0.98%	+41.7%
BXMT	New	BLACKSTONE MTG TR INC COM CL A	$6,069,000	–	223,955	–	0.89%	–
SLB	Buy	SCHLUMBERGER LTD	$5,780,000	+1453.8%	56,762	+1700.8%	0.85%	+1443.6%
APU	Buy	AMERIGAS PARTNERS L P UNIT L P INT	$5,370,000	+2.5%	117,720	+2.0%	0.79%	+2.2%
SO	Buy	SOUTHERN CO	$5,343,000	+38.2%	122,416	+43.7%	0.78%	+37.8%
NEE	Sell	NEXTERA ENERGY INC SHS	$5,324,000	-10.3%	56,715	-2.1%	0.78%	-10.5%
CMP	Sell	COMPASS MINERALS INTL INC COM	$5,212,000	-12.7%	61,756	-1.0%	0.76%	-13.0%
AEP	Buy	AMERICAN ELEC PWR CO	$5,180,000	+13.7%	99,214	+21.5%	0.76%	+13.4%
WFCPRL	Sell	WELLS FARGO & CO NEW PERP PFD CNV Apfd	$4,846,000	-1.3%	4,030	-0.3%	0.71%	-1.7%
4945SC	Buy	KINDER MORGAN ENERGY PTNRS LP	$4,691,000	+14.1%	50,294	+0.6%	0.69%	+13.9%
PFG	Sell	PRINCIPAL FINL GROUP INC COM	$4,587,000	+2.7%	87,227	-1.5%	0.67%	+2.3%
ORAN	Sell	ORANGE SPONSORED ADR	$4,341,000	-9.2%	294,501	-2.7%	0.64%	-9.5%
VOD	Sell	VODAFONE GROUP NEW ADR F	$3,942,000	-11.2%	119,847	-9.8%	0.58%	-11.3%
D	Sell	DOMINION RESOURCES INC	$3,877,000	-3.6%	56,112	-0.2%	0.57%	-3.9%
VZ	Sell	VERIZON COMMUNICATIONS	$3,436,000	+1.9%	68,731	-0.2%	0.50%	+1.6%
WR	Sell	WESTAR ENERGY INC COM	$3,366,000	-11.1%	98,648	-0.6%	0.49%	-11.5%
DXJ	Buy	WISDOMTREE JAPAN HEDGED EQUITY FUND	$3,223,000	+8.7%	61,610	+2.6%	0.47%	+8.2%
WYPRA	Sell	WEYERHAEUSER CO PREF CONV SER Apfd	$3,104,000	-6.1%	57,450	-1.4%	0.46%	-6.4%
UTXPRA	Sell	UNITED TECHNOLOGIES CORP CORP UNIT	$2,661,000	-10.7%	45,190	-1.1%	0.39%	-10.9%
ET	Sell	ENERGY TRANSFER EQUITY L P COM UT LTD PTN	$2,489,000	+3.4%	40,340	-1.2%	0.36%	+3.1%
ATO	Sell	ATMOS ENERGY CORP COM	$2,241,000	-13.3%	46,975	-2.9%	0.33%	-13.6%
ERF	Buy	ENERPLUS CORP COM	$2,112,000	-24.1%	111,339	+0.7%	0.31%	-24.4%
EQCPRECL	New	EQUITY COMWLTH CUM PFD E 7.25%pfd	$1,915,000	–	74,416	–	0.28%	–
EQCPRD	New	EQUITY COMWLTH CUM PFD S D 6.5%pfd	$1,798,000	–	75,257	–	0.26%	–
XEL	Sell	XCEL ENERGY INC	$1,783,000	-7.6%	58,636	-2.0%	0.26%	-7.7%
AESPRC	Buy	AES TR III PFD CV 6.75%pfd	$1,777,000	+0.3%	34,613	+1.3%	0.26%	0.0%
INTC	Sell	INTEL	$1,398,000	-90.0%	40,158	-91.1%	0.20%	-90.1%
DNOW	Sell	NOW INC	$1,107,000	-16.6%	36,235	-0.9%	0.16%	-16.8%
PFE	Buy	PFIZER INC	$1,055,000	+6.0%	35,675	+6.5%	0.16%	+5.4%
CVX	Buy	CHEVRON CORP	$1,021,000	-5.3%	8,553	+3.6%	0.15%	-5.7%
PPL	Buy	PPL CORP	$1,013,000	-7.2%	30,853	+0.4%	0.15%	-7.5%
JFR	Buy	NUVEEN FLOATING RATE INCOME FD COM	$941,000	-4.4%	83,337	+2.5%	0.14%	-4.8%
BCE	Sell	BCE INC COM	$825,000	-11.6%	19,291	-6.2%	0.12%	-11.7%
WFC	Buy	WELLS FARGO & CO	$816,000	0.0%	15,729	+1.3%	0.12%	0.0%
IGSB	Sell	ISHARES 1-3 YEAR CREDIT BOND ETF	$788,000	-30.8%	7,485	-30.5%	0.12%	-31.0%
KO	Buy	COCA COLA CO	$771,000	+1.3%	18,070	+0.6%	0.11%	+0.9%
PEP	Buy	PEPSICO INC	$761,000	+6.1%	8,170	+1.9%	0.11%	+5.7%
OKE	Sell	ONEOK INC NEW	$754,000	-6.9%	11,503	-3.4%	0.11%	-6.7%
JPM	Buy	JP MORGAN CHASE & CO	$688,000	+5.7%	11,423	+1.1%	0.10%	+5.2%
CRT	Buy	CROSS TIMBERS RTY TR TR UNIT	$684,000	-3.0%	21,515	+1.1%	0.10%	-3.8%
WMT	Buy	WAL-MART STORES INC	$684,000	+3.0%	8,949	+1.1%	0.10%	+2.0%
BBT	Sell	BB&T CORP	$657,000	-7.2%	17,663	-1.7%	0.10%	-7.7%
T	Buy	AT&T INC COM	$636,000	+11.4%	18,042	+11.6%	0.09%	+10.7%
BK	Sell	BANK NEW YORK MELLON CORP COM	$629,000	+2.6%	16,248	-0.7%	0.09%	+2.2%
SNHY	Sell	SUN HYDRAULICS CORP COM	$621,000	-17.0%	16,523	-10.3%	0.09%	-17.3%
WU	Sell	WESTERN UN CO COM	$475,000	-13.5%	29,620	-6.5%	0.07%	-13.6%
BBN	Sell	BLACKROCK BUILD AMER BD TR SHS	$440,000	-13.6%	20,950	-10.7%	0.06%	-13.3%
MKL	Sell	MARKEL CORP COM	$410,000	-21.3%	645	-18.9%	0.06%	-22.1%
COP	Sell	CONOCOPHILLIPS	$371,000	-23.3%	4,848	-14.2%	0.05%	-23.9%
SDS	New	PROSHARES ULTRASHORT S&P 500	$345,000	–	14,000	–	0.05%	–
NSC	Buy	NORFOLK SOUTHERN CORP COM	$336,000	+10.5%	3,008	+2.1%	0.05%	+8.9%
RDSB	Buy	ROYAL DUTCH SHELL PLC	$273,000	-7.5%	3,451	+1.8%	0.04%	-7.0%
MRK	Buy	MERCK & CO INC NEW COM	$267,000	+23.6%	4,502	+20.5%	0.04%	+21.9%
PM	Sell	PHILIP MORRIS INTL INC	$265,000	-5.0%	3,178	-4.1%	0.04%	-4.9%
STLD	New	STEEL DYNAMICS INC COM	$208,000	–	9,190	–	0.03%	–
DIS	New	WALT DISNEY CO	$202,000	–	2,268	–	0.03%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-3,000	–	-0.03%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-1,773	–	-0.03%	–
DE	Exit	DEERE & COMPANY	$0	–	-2,237	–	-0.03%	–
CVS	Exit	CVS CORP	$0	–	-2,818	–	-0.03%	–
JNK	Exit	SPDR HIGH YIELD BOND ETF	$0	–	-31,505	–	-0.19%	–
CWHPRD	Exit	COMMONWEALTH REIT 6.50% PFD CUM CONV SHS SER Dpfd	$0	–	-75,069	–	-0.27%	–
3606SC	Exit	COMMONWEALTH REIT CUM RED PFD SER E 7.25% 12/31/2049pfd	$0	–	-75,916	–	-0.29%	–
HIO	Exit	WESTERN ASSET HIGH INCOME OPPORTUNITY FUND INC	$0	–	-649,150	–	-0.58%	–
EES	Exit	WISDOMTREE TR SMALLCAP EARNING FD	$0	–	-114,005	–	-1.39%	–

Q2 2014

			Value		Shares		↓ Weighting
BRKB	New	BERKSHIRE HATHAWAY INC DEL CL B	$24,265,000	–	191,611	–	3.57%	–
NVS	New	NOVARTIS AG ADR	$22,033,000	–	243,418	–	3.24%	–
LOW	New	LOWES COMPANIES	$18,835,000	–	393,072	–	2.77%	–
JCI	New	JOHNSON CTLS INC	$18,814,000	–	376,652	–	2.77%	–
MSFT	New	MICROSOFT	$18,454,000	–	441,810	–	2.72%	–
JNJ	New	JOHNSON & JOHNSON	$18,174,000	–	173,664	–	2.68%	–
GE	New	GENERAL ELECTRIC CO	$16,587,000	–	630,755	–	2.44%	–
V107SC	New	WELLPOINT INC	$16,204,000	–	150,592	–	2.39%	–
AAPL	New	APPLE INC	$15,932,000	–	171,660	–	2.35%	–
MMM	New	3M COMPANY	$15,402,000	–	107,498	–	2.27%	–
INTC	New	INTEL	$14,017,000	–	453,564	–	2.06%	–
PNC	New	PNC FINL SVCS GROUP	$13,468,000	–	151,183	–	1.98%	–
DVN	New	DEVON ENERGY CORP	$12,606,000	–	158,735	–	1.86%	–
GILD	New	GILEAD SCIENCES INC	$12,551,000	–	151,375	–	1.85%	–
KMR	New	KINDER MORGAN MGMT LLC	$12,139,000	–	153,789	–	1.79%	–
NOV	New	NATIONAL OILWELL VARCO INC	$12,145,000	–	147,383	–	1.79%	–
AIG	New	AMER INTL GROUP INC	$11,971,000	–	219,314	–	1.76%	–
SE	New	SPECTRA ENERGY CORP	$11,853,000	–	279,020	–	1.74%	–
CSCO	New	CISCO SYS INC	$11,828,000	–	476,276	–	1.74%	–
AFL	New	AFLAC INC	$11,674,000	–	187,345	–	1.72%	–
ESRX	New	EXPRESS SCRIPTS INC	$11,523,000	–	166,112	–	1.70%	–
UPS	New	UNITED PARCEL SERVICE INC	$11,206,000	–	109,153	–	1.65%	–
KSS	New	KOHLS CORP	$11,173,000	–	211,779	–	1.64%	–
XOM	New	EXXON MOBIL CORP	$10,340,000	–	102,638	–	1.52%	–
ARCC	New	ARES CAP CORP COM	$10,207,000	–	571,519	–	1.50%	–
AXP	New	AMERICAN EXPRESS CO	$9,921,000	–	104,560	–	1.46%	–
GM	New	GENERAL MOTORS CORP	$9,527,000	–	262,009	–	1.40%	–
TUP	New	TUPPERWARE BRANDS CORP	$9,469,000	–	113,246	–	1.39%	–
EES	New	WISDOMTREE TR SMALLCAP EARNING FD	$9,420,000	–	114,005	–	1.39%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$9,326,000	–	112,811	–	1.37%	–
NGG	New	NATIONAL GRID TRANSCO PLC	$9,018,000	–	121,242	–	1.33%	–
MTCN	New	ARCELORMITTAL LUXEMBOURG 06.00000% 01/15/2016 MANDATORILY CONV SUBNTSpfd	$8,919,000	–	396,575	–	1.31%	–
GD	New	GENERAL DYNAMICS	$8,656,000	–	74,272	–	1.28%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$8,261,000	–	104,169	–	1.22%	–
O	New	REALTY INCOME CORP	$8,132,000	–	183,074	–	1.20%	–
CG	New	THE CARLYLE GROUP	$7,866,000	–	231,616	–	1.16%	–
RCI	New	ROGERS COMMUNICATIONS INC	$7,626,000	–	189,475	–	1.12%	–
HCP	New	HEALTH CARE PPTY INVS INC	$7,382,000	–	178,405	–	1.09%	–
EEQ	New	ENBRIDGE ENERGY MGMTLLC	$7,230,000	–	205,096	–	1.06%	–
ETP	New	ENERGY TRANSFER PARTNERS LP	$7,225,000	–	124,634	–	1.06%	–
PBA	New	PEMBINA PIPELINE CORPORATION	$7,084,000	–	164,738	–	1.04%	–
GOOGL	New	GOOGLE INC	$7,043,000	–	12,043	–	1.04%	–
GOOG	New	GOOGLE INC CL C	$6,919,000	–	12,023	–	1.02%	–
CCIPRA	New	CROWN CASTLE INTL CORP MANDATORY CONV PFD STK SER A 4.5% 11/01/2016pfd	$6,802,000	–	66,740	–	1.00%	–
EPD	New	ENTERPRISE PRODS PARTNERS L P	$6,423,000	–	82,037	–	0.95%	–
CMP	New	COMPASS MINERALS INTL INC. CMN	$5,967,000	–	62,371	–	0.88%	–
NEE	New	NEXTERA ENERGY INC SHS	$5,935,000	–	57,910	–	0.87%	–
APU	New	AMERIGAS PARTNERS LP UNITS LTD PARTNERSHIP INT	$5,238,000	–	115,395	–	0.77%	–
IBM	New	INTL BUSINESS MACHINES	$5,072,000	–	27,968	–	0.75%	–
WFCPRL	New	WELLS FARGO L 7.5% PFD SERIES L CONV PFDpfd	$4,910,000	–	4,042	–	0.72%	–
FCHPRA	New	FELCOR LODGING TR $1.95 SER A CONV PFDpfd	$4,840,000	–	185,374	–	0.71%	–
ORAN	New	ORANGE SPONSORED ADR	$4,783,000	–	302,701	–	0.70%	–
SNY	New	SANOFI SA	$4,670,000	–	87,750	–	0.69%	–
AEP	New	AMERICAN ELEC PWR CO	$4,556,000	–	81,689	–	0.67%	–
PFG	New	PRINCIPAL FINANCIAL GROUP INC	$4,467,000	–	88,575	–	0.66%	–
VOD	New	VODAFONE GROUP NEW ADR F	$4,437,000	–	132,886	–	0.65%	–
4945SC	New	KINDER MORGAN ENERGY PTNRS LP	$4,110,000	–	49,994	–	0.60%	–
D	New	DOMINION RESOURCES INC	$4,023,000	–	56,251	–	0.59%	–
HIO	New	WESTERN ASSET HIGH INCOME OPPORTUNITY FUND INC	$3,960,000	–	649,150	–	0.58%	–
SO	New	SOUTHERN CO	$3,866,000	–	85,191	–	0.57%	–
BACPRL	New	BANK AMER CORP 7.25%NON CUM PERPETUAL CONV PFD SER L MAT 1/29/08pfd	$3,798,000	–	3,238	–	0.56%	–
WR	New	WESTAR ENERGY INC COM	$3,788,000	–	99,198	–	0.56%	–
BRKA	New	BERKSHIRE HATHAWAY INC DEL CL A	$3,608,000	–	19	–	0.53%	–
VZ	New	VERIZON COMMUNICATIONS	$3,371,000	–	68,901	–	0.50%	–
WYPRA	New	WEYERHAEUSER CO PREF CONV SER Apfd	$3,306,000	–	58,250	–	0.49%	–
UTXPRA	New	UNITED TECHNOLOGIES CORP CORP UNIT	$2,980,000	–	45,715	–	0.44%	–
DXJ	New	WISDOMTREE JAPAN HEDGED EQUITY	$2,965,000	–	60,075	–	0.44%	–
ERF	New	ENERPLUS CORP	$2,783,000	–	110,539	–	0.41%	–
ZINCQ	New	HORSEHEAD HOLDING CORP.	$2,718,000	–	149,450	–	0.40%	–
ATO	New	ATMOS ENERGY CORP	$2,584,000	–	48,390	–	0.38%	–
ET	New	ENERGY TRANSFER EQUITY L P COM UNIT LTD PARTNERSHIP	$2,407,000	–	40,840	–	0.35%	–
3606SC	New	COMMONWEALTH REIT CUM RED PFD SER E 7.25% 12/31/2049pfd	$1,957,000	–	75,916	–	0.29%	–
XEL	New	XCEL ENERGY INC	$1,929,000	–	59,836	–	0.28%	–
CWHPRD	New	COMMONWEALTH REIT 6.50% PFD CUM CONV SHS SER Dpfd	$1,838,000	–	75,069	–	0.27%	–
AESPRC	New	AES TR III 6.75% TR CONV PFDpfd	$1,771,000	–	34,163	–	0.26%	–
BPL	New	BUCKEYE PARTNERS UTS L P UNIT LTD PARTNERSHIP INT	$1,733,000	–	20,865	–	0.26%	–
EEP	New	ENBRIDGE ENERGY PARTNERS LP	$1,672,000	–	45,288	–	0.25%	–
HCN	New	HEALTH CARE REIT INC	$1,633,000	–	26,060	–	0.24%	–
CSGP	New	COSTAR GRP INC	$1,629,000	–	10,302	–	0.24%	–
MEOH	New	METHANEX CORP	$1,604,000	–	25,887	–	0.24%	–
DNOW	New	NOW INC	$1,328,000	–	36,546	–	0.20%	–
JNK	New	SPDR HIGH YIELD BOND ETF	$1,315,000	–	31,505	–	0.19%	–
NU	New	NORTHEAST UTILITIES	$1,257,000	–	26,590	–	0.18%	–
BMR	New	BIOMED RLTY TR INC	$1,236,000	–	56,635	–	0.18%	–
IGSB	New	ISHARES 1-3 YR CREDIT BOND ETF	$1,139,000	–	10,775	–	0.17%	–
PPL	New	PPL CORP	$1,092,000	–	30,733	–	0.16%	–
CVX	New	CHEVRON CORP	$1,078,000	–	8,259	–	0.16%	–
PFE	New	PFIZER INC	$995,000	–	33,513	–	0.15%	–
JFR	New	NUVEEN FLOATING RATEINCOME FD COM	$984,000	–	81,292	–	0.14%	–
MMP	New	MAGELLAN MIDSTREAM PARTNERS LP	$982,000	–	11,680	–	0.14%	–
BCE	New	BCE INC COM	$933,000	–	20,572	–	0.14%	–
DHR	New	DANAHER CORP	$852,000	–	10,816	–	0.12%	–
CNP	New	CENTERPOINT ENERGY INC	$832,000	–	32,591	–	0.12%	–
WFC	New	WELLS FARGO & CO	$816,000	–	15,529	–	0.12%	–
OKE	New	ONEOK INC NEW	$810,000	–	11,903	–	0.12%	–
KO	New	COCA COLA CO	$761,000	–	17,970	–	0.11%	–
SNHY	New	SUN HYDRAULICS INC	$748,000	–	18,413	–	0.11%	–
PEP	New	PEPSICO INC	$717,000	–	8,020	–	0.11%	–
CRT	New	CROSS TIMBERS ROYALTY TRUST	$705,000	–	21,290	–	0.10%	–
BBT	New	BB&T CORP	$708,000	–	17,963	–	0.10%	–
WMT	New	WAL-MART STORES INC	$664,000	–	8,849	–	0.10%	–
JPM	New	JP MORGAN CHASE & CO	$651,000	–	11,297	–	0.10%	–
BK	New	BANK NEW YORK MELLON CORP COM	$613,000	–	16,358	–	0.09%	–
TCP	New	T C PIPELINES	$592,000	–	11,452	–	0.09%	–
T	New	AT&T INC COM	$571,000	–	16,160	–	0.08%	–
WU	New	WESTERN UNION COMPANY	$549,000	–	31,670	–	0.08%	–
CI	New	CIGNA CORP	$549,000	–	5,967	–	0.08%	–
PAA	New	PLAINS ALL AMERICAN PIPELINE LP	$543,000	–	9,050	–	0.08%	–
MKL	New	MARKEL CORP HOLDING CO	$521,000	–	795	–	0.08%	–
BBN	New	BLACKROCK BUILD AMER BD	$509,000	–	23,450	–	0.08%	–
POM	New	PEPCO HLDGS INC	$483,000	–	17,564	–	0.07%	–
COP	New	CONOCOPHILLIPS	$484,000	–	5,649	–	0.07%	–
WAG	New	WALGREEN COMPANY	$445,000	–	6,000	–	0.07%	–
SLB	New	SCHLUMBERGER LTD	$372,000	–	3,152	–	0.06%	–
BIIB	New	BIOGEN IDEC INC	$339,000	–	1,075	–	0.05%	–
LINEQ	New	LINN ENERGY LLC	$324,000	–	10,000	–	0.05%	–
MIC	New	MACQUARIE INFRASTRUCTURE CO TR	$312,000	–	5,000	–	0.05%	–
NSC	New	NORFOLK SOUTHERN CRP	$304,000	–	2,947	–	0.04%	–
RDSB	New	ROYAL DUTCH SHELL PLC	$295,000	–	3,391	–	0.04%	–
NS	New	NUSTAR ENERGY LP UNIT	$282,000	–	4,545	–	0.04%	–
PM	New	PHILIP MORRIS INTL INC	$279,000	–	3,314	–	0.04%	–
DWM	New	WISDOMTREE DIVIDEND EFA INDEX ETF	$271,000	–	4,848	–	0.04%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$248,000	–	1,650	–	0.04%	–
CSX	New	CSX CORP	$240,000	–	7,779	–	0.04%	–
IWF	New	ISHARES RUSSELL 1000 GROWTH ETF	$234,000	–	2,568	–	0.03%	–
MYL	New	MYLAN LABS INC	$232,000	–	4,500	–	0.03%	–
RLJ	New	RLJ LODGING TR COM	$234,000	–	8,100	–	0.03%	–
IVV	New	ISHARES S&P 500 INDEX	$226,000	–	1,146	–	0.03%	–
LLY	New	ELI LILLY AND CO	$214,000	–	3,450	–	0.03%	–
MRK	New	MERCK & CO INC	$216,000	–	3,736	–	0.03%	–
PSX	New	PHILLIPS 66	$214,000	–	2,666	–	0.03%	–
QCOM	New	QUALCOMM INC	$218,000	–	2,753	–	0.03%	–
CVS	New	CVS CORP	$212,000	–	2,818	–	0.03%	–
UTX	New	UNITED TECHNOLOGIES CORP	$205,000	–	1,773	–	0.03%	–
DE	New	DEERE & COMPANY	$203,000	–	2,237	–	0.03%	–
CL	New	COLGATE-PALMOLIVE CO	$205,000	–	3,000	–	0.03%	–
PDT	New	JOHN HANCOCK PATRIOT PREMIUM DIV. FND. II	$136,000	–	10,000	–	0.02%	–
NVAX	New	NOVAVAX INC	$69,000	–	15,000	–	0.01%	–

Q4 2013

			Value		Shares		↓ Weighting
FCO	Exit	Aberdeen Global Income Fund Inc.	$0	–	-10,450	–	-0.02%	–
VWO	Exit	Vanguard Emerging Markets Stock ETF	$0	–	-5,167	–	-0.04%	–
ORLY	Exit	O'Reilly Automotive, Inc.	$0	–	-1,650	–	-0.04%	–
NSC	Exit	Norfolk Southern Corp.	$0	–	-2,794	–	-0.04%	–
HYG	Exit	iShares TR iBoxx High Yield Corp Bd	$0	–	-2,516	–	-0.04%	–
SNHY	Exit	Sun Hydraulics Corp.	$0	–	-6,425	–	-0.04%	–
RDSB	Exit	Royal Dutch Shell B	$0	–	-3,391	–	-0.04%	–
CSX	Exit	CSX Corp.	$0	–	-9,279	–	-0.04%	–
BDX	Exit	Becton Dickinson Co	$0	–	-2,441	–	-0.04%	–
BIIB	Exit	Biogen Idec Inc.	$0	–	-1,075	–	-0.04%	–
KO	Exit	Coca Cola Company	$0	–	-7,000	–	-0.05%	–
MIC	Exit	Macquarie Infrastructure Company	$0	–	-5,000	–	-0.05%	–
SLB	Exit	Schlumberger Ltd.	$0	–	-3,052	–	-0.05%	–
LINEQ	Exit	Linn Energy, LLC	$0	–	-10,700	–	-0.05%	–
PM	Exit	Philip Morris International	$0	–	-3,314	–	-0.05%	–
BWP	Exit	Boardwalk Pipeline Partners, LP	$0	–	-9,750	–	-0.05%	–
IGSB	Exit	iShares Barclay 1-3 Year Credit Bond	$0	–	-2,820	–	-0.05%	–
WAG	Exit	Walgreen Company	$0	–	-6,000	–	-0.06%	–
POM	Exit	Potomac Electric Pwr Co.	$0	–	-17,634	–	-0.06%	–
IBM	Exit	International Business Machines Corp.	$0	–	-1,799	–	-0.06%	–
BRKA	Exit	Berkshire Hathaway Inc. - A	$0	–	-2	–	-0.06%	–
COP	Exit	ConocoPhillips	$0	–	-5,899	–	-0.07%	–
MKL	Exit	Markel Corp.	$0	–	-795	–	-0.07%	–
EEM	Exit	Ishares Emerging Markets Fund	$0	–	-10,367	–	-0.07%	–
MMP	Exit	Magellan Midstream Partners LP COM	$0	–	-8,300	–	-0.08%	–
PAA	Exit	Plains All American Pipeline Lp	$0	–	-9,050	–	-0.08%	–
WMT	Exit	Wal-Mart Stores Inc.	$0	–	-6,566	–	-0.08%	–
T	Exit	AT&T Inc.	$0	–	-14,616	–	-0.09%	–
BK	Exit	Bank of New York	$0	–	-16,358	–	-0.09%	–
CI	Exit	Cigna Corp.	$0	–	-6,967	–	-0.09%	–
TCP	Exit	TC Pipelines LP	$0	–	-11,452	–	-0.10%	–
WPX	Exit	WPX Energy, Inc.	$0	–	-30,490	–	-0.10%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-14,485	–	-0.10%	–
GILD	Exit	Gilead Sciences Inc.	$0	–	-9,700	–	-0.11%	–
PEP	Exit	Pepsico Inc.	$0	–	-7,835	–	-0.11%	–
CRT	Exit	Cross Timbers Royalty Trust	$0	–	-21,290	–	-0.11%	–
PWE	Exit	Penn West Energy Trust	$0	–	-56,846	–	-0.11%	–
OKE	Exit	Oneok Inc.	$0	–	-12,103	–	-0.11%	–
DHR	Exit	Danaher Corp. Del	$0	–	-10,716	–	-0.13%	–
BCE	Exit	BCE Inc.	$0	–	-18,677	–	-0.14%	–
CNP	Exit	CenterPoint Energy	$0	–	-33,589	–	-0.14%	–
BBN	Exit	Black Rock Build America Bond Trust	$0	–	-43,460	–	-0.14%	–
GAS	Exit	AGL Resources	$0	–	-18,000	–	-0.14%	–
PPL	Exit	PPL Corp.	$0	–	-29,052	–	-0.15%	–
CNQ	Exit	Canadian Natural Resources Ltd.	$0	–	-28,540	–	-0.16%	–
JFR	Exit	Nuveen Floating Rate Income Fund	$0	–	-81,592	–	-0.17%	–
CVX	Exit	Chevron Corp New	$0	–	-8,203	–	-0.17%	–
NU	Exit	Northeast Utilities	$0	–	-26,997	–	-0.19%	–
BMR	Exit	BioMed Realty Trust Inc.	$0	–	-65,585	–	-0.21%	–
FCHPRC	Exit	Felcor Lodging Trust Inc. Pfd. Cpfd	$0	–	-54,327	–	-0.23%	–
JNK	Exit	SPDR Barclays Capital High Yield Bond	$0	–	-32,630	–	-0.23%	–
BPL	Exit	Buckeye Partners LP	$0	–	-20,865	–	-0.24%	–
ET	Exit	Energy Transfer Equity L.P.	$0	–	-20,925	–	-0.24%	–
EEP	Exit	Enbridge Energy Ptrs. LP	$0	–	-45,668	–	-0.24%	–
NS	Exit	Nustar Energy LP	$0	–	-34,886	–	-0.24%	–
MEOH	Exit	Methanex Corp.	$0	–	-27,725	–	-0.25%	–
AEP	Exit	Amer Electric Power Co.	$0	–	-36,139	–	-0.27%	–
HCN	Exit	Health Care REIT Inc.	$0	–	-25,150	–	-0.27%	–
XEL	Exit	Xcel Energy Inc.	$0	–	-61,243	–	-0.30%	–
CWHPRD	Exit	CommonWealth Reit Pref Dpfd	$0	–	-80,997	–	-0.30%	–
AESPRC	Exit	AES Trust IIIpfd	$0	–	-34,863	–	-0.31%	–
ZINCQ	Exit	Horsehead Holding Corp.	$0	–	-149,450	–	-0.32%	–
ERF	Exit	Enerplus Corporation	$0	–	-115,790	–	-0.34%	–
3606SC	Exit	Commonwealth Reit Preferred Epfd	$0	–	-89,907	–	-0.36%	–
ATO	Exit	Atmos Energy Corp.	$0	–	-49,669	–	-0.37%	–
HCP	Exit	Health Care Property Investors	$0	–	-53,820	–	-0.38%	–
DUK	Exit	Duke Energy Corp.	$0	–	-38,286	–	-0.45%	–
DXJ	Exit	Wisdom Tree Japan Hedged Equity Index	$0	–	-54,830	–	-0.46%	–
UTXPRA	Exit	United Technologies Corp. Preferred Apfd	$0	–	-46,970	–	-0.53%	–
HIO	Exit	Western Asset High Income	$0	–	-514,625	–	-0.54%	–
COF	Exit	Capital One Financial	$0	–	-45,336	–	-0.54%	–
WR	Exit	Westar Energy Inc.	$0	–	-107,311	–	-0.57%	–
WYPRA	Exit	Weyerhaeuser Co. 6.375% Man. Conv. Pfd Apfd	$0	–	-62,240	–	-0.58%	–
D	Exit	Dominion Resources Inc.	$0	–	-57,003	–	-0.62%	–
BACPRL	Exit	Bank of America Corp. Preferred Lpfd	$0	–	-3,416	–	-0.64%	–
APU	Exit	Amerigas Partners LP	$0	–	-87,580	–	-0.66%	–
ORAN	Exit	Orange ADR	$0	–	-316,331	–	-0.69%	–
EPD	Exit	Enterprise Products Pptns Lp	$0	–	-65,267	–	-0.70%	–
4945SC	Exit	Kinder Morgan Energy Ptrs.	$0	–	-51,624	–	-0.72%	–
ESRX	Exit	Express Scripts Holding Company	$0	–	-68,559	–	-0.74%	–
FCHPRA	Exit	Felcor Lodging Trust Inc. Pfd. Apfd	$0	–	-185,829	–	-0.78%	–
NE	Exit	Noble Corp.	$0	–	-119,527	–	-0.79%	–
WFCPRL	Exit	Wells Fargo & Co. Pfd Apfd	$0	–	-4,144	–	-0.82%	–
NEE	Exit	Nextera Energy Corp	$0	–	-58,876	–	-0.82%	–
CMP	Exit	Compass Minerals International	$0	–	-62,829	–	-0.84%	–
CG	Exit	Carlyle Group LP	$0	–	-193,650	–	-0.87%	–
ELD	Exit	Wisdom Tree Emerging Markets Local Debt	$0	–	-112,813	–	-0.93%	–
EEQ	Exit	Enbridge Energy Mgmt	$0	–	-186,261	–	-0.94%	–
PBA	Exit	Pembina Pipeline Corp.	$0	–	-168,417	–	-0.97%	–
GM	Exit	General Motors Co.	$0	–	-160,315	–	-1.01%	–
ETP	Exit	Energy Transfer Partners	$0	–	-115,803	–	-1.05%	–
RCI	Exit	Rogers Communications Inc.	$0	–	-142,195	–	-1.07%	–
DEM	Exit	WisdomTree Emerging Markets	$0	–	-130,015	–	-1.17%	–
GD	Exit	General Dynamics Corp.	$0	–	-77,182	–	-1.18%	–
DVN	Exit	Devon Energy Corp.	$0	–	-128,755	–	-1.30%	–
MTCN	Exit	ArcelorMittalpfd	$0	–	-348,836	–	-1.31%	–
NGG	Exit	National Grid PLC ADR	$0	–	-127,722	–	-1.32%	–
AXP	Exit	American Express Co.	$0	–	-108,629	–	-1.43%	–
ADP	Exit	Automatic Data Process.	$0	–	-119,221	–	-1.50%	–
SE	Exit	Spectra Energy	$0	–	-255,630	–	-1.53%	–
ARCC	Exit	Ares Capital Corporation	$0	–	-516,538	–	-1.56%	–
TMO	Exit	Thermo Fisher Scientific Inc.	$0	–	-97,752	–	-1.57%	–
NOV	Exit	National Oilwell Varco, Inc.	$0	–	-117,368	–	-1.60%	–
EES	Exit	Wisdom Tree Small Cap	$0	–	-124,091	–	-1.60%	–
VOD	Exit	Vodaphone Group ADR	$0	–	-261,114	–	-1.60%	–
WU	Exit	Western Union Co.	$0	–	-500,219	–	-1.63%	–
TUP	Exit	Tupperware Corp.	$0	–	-112,521	–	-1.70%	–
AIG	Exit	American Intl. Group Inc.	$0	–	-205,566	–	-1.74%	–
KSS	Exit	Kohls	$0	–	-198,021	–	-1.79%	–
UPS	Exit	United Parcel Service - B	$0	–	-112,674	–	-1.80%	–
INTC	Exit	Intel Corp.	$0	–	-455,024	–	-1.82%	–
PNC	Exit	PNC Financial Services Group	$0	–	-146,465	–	-1.85%	–
GOOGL	Exit	Google Inc. Cl A	$0	–	-12,200	–	-1.86%	–
KMR	Exit	Kinder Morgan Mgmt.	$0	–	-144,706	–	-1.89%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-471,773	–	-1.93%	–
AAPL	Exit	Apple Computer Inc.	$0	–	-24,265	–	-2.02%	–
AFL	Exit	Aflac Inc.	$0	–	-201,750	–	-2.18%	–
PFE	Exit	Pfizer Inc.	$0	–	-435,626	–	-2.18%	–
V107SC	Exit	Wellpoint Inc.	$0	–	-153,302	–	-2.24%	–
MMM	Exit	3M Co.	$0	–	-111,936	–	-2.33%	–
MSFT	Exit	Microsoft Corp.	$0	–	-439,461	–	-2.55%	–
XOM	Exit	ExxonMobil Corp.	$0	–	-170,556	–	-2.56%	–
GE	Exit	General Electric Co.	$0	–	-619,319	–	-2.58%	–
JCI	Exit	Johnson Controls Inc.	$0	–	-379,152	–	-2.74%	–
JNJ	Exit	Johnson & Johnson	$0	–	-182,468	–	-2.76%	–
NVS	Exit	Novartis AG ADR	$0	–	-252,842	–	-3.38%	–
LOW	Exit	Lowe's Companies Inc.	$0	–	-426,437	–	-3.54%	–
BRKB	Exit	Berkshire Hathaway Inc. - B	$0	–	-191,963	–	-3.80%	–

Q3 2013

			Value		Shares		↓ Weighting
BRKB	Sell	Berkshire Hathaway Inc. - B	$21,790,000	+0.6%	191,963	-0.8%	3.80%	-1.1%
LOW	Sell	Lowe's Companies Inc.	$20,303,000	+14.6%	426,437	-1.6%	3.54%	+12.7%
NVS	Sell	Novartis AG ADR	$19,396,000	+7.6%	252,842	-0.8%	3.38%	+5.8%
JNJ	Sell	Johnson & Johnson	$15,818,000	+0.2%	182,468	-0.8%	2.76%	-1.4%
JCI	Buy	Johnson Controls Inc.	$15,735,000	+17.1%	379,152	+1.0%	2.74%	+15.2%
GE	Buy	General Electric Co.	$14,796,000	+3.5%	619,319	+0.5%	2.58%	+1.8%
XOM	Sell	ExxonMobil Corp.	$14,675,000	-5.8%	170,556	-1.1%	2.56%	-7.3%
MSFT	Sell	Microsoft Corp.	$14,625,000	-4.7%	439,461	-1.1%	2.55%	-6.3%
MMM	Sell	3M Co.	$13,366,000	+7.9%	111,936	-1.2%	2.33%	+6.1%
V107SC	Sell	Wellpoint Inc.	$12,818,000	-4.0%	153,302	-6.1%	2.24%	-5.6%
PFE	Sell	Pfizer Inc.	$12,513,000	+1.8%	435,626	-0.7%	2.18%	+0.2%
AFL	Buy	Aflac Inc.	$12,507,000	+7.2%	201,750	+0.5%	2.18%	+5.4%
AAPL	Sell	Apple Computer Inc.	$11,568,000	+18.6%	24,265	-1.3%	2.02%	+16.7%
CSCO	Buy	Cisco Systems Inc.	$11,054,000	+0.2%	471,773	+4.1%	1.93%	-1.4%
KMR	Buy	Kinder Morgan Mgmt.	$10,847,000	-7.4%	144,706	+3.3%	1.89%	-8.9%
GOOGL	Sell	Google Inc. Cl A	$10,686,000	-1.2%	12,200	-0.7%	1.86%	-2.9%
PNC	Sell	PNC Financial Services Group	$10,611,000	-1.1%	146,465	-0.5%	1.85%	-2.7%
INTC	Buy	Intel Corp.	$10,430,000	-4.0%	455,024	+1.4%	1.82%	-5.6%
UPS	Sell	United Parcel Service - B	$10,295,000	+4.1%	112,674	-1.5%	1.80%	+2.3%
KSS	Buy	Kohls	$10,248,000	+17.9%	198,021	+15.1%	1.79%	+16.0%
AIG	Buy	American Intl. Group Inc.	$9,997,000	+10.5%	205,566	+1.6%	1.74%	+8.7%
TUP	Buy	Tupperware Corp.	$9,718,000	+11.8%	112,521	+0.6%	1.70%	+10.0%
WU	Buy	Western Union Co.	$9,334,000	+24.0%	500,219	+13.7%	1.63%	+22.0%
VOD	Buy	Vodaphone Group ADR	$9,186,000	+27.6%	261,114	+4.2%	1.60%	+25.5%
EES	Sell	Wisdom Tree Small Cap	$9,179,000	+9.5%	124,091	-1.1%	1.60%	+7.8%
NOV	Buy	National Oilwell Varco, Inc.	$9,168,000	+28.2%	117,368	+13.1%	1.60%	+26.1%
TMO	Sell	Thermo Fisher Scientific Inc.	$9,008,000	+6.5%	97,752	-2.2%	1.57%	+4.8%
ARCC	Buy	Ares Capital Corporation	$8,931,000	+8.4%	516,538	+7.8%	1.56%	+6.6%
SE	Buy	Spectra Energy	$8,750,000	+2.2%	255,630	+2.9%	1.53%	+0.5%
ADP	Sell	Automatic Data Process.	$8,629,000	-41.5%	119,221	-44.3%	1.50%	-42.4%
AXP	Sell	American Express Co.	$8,204,000	-2.4%	108,629	-3.4%	1.43%	-4.0%
NGG	Sell	National Grid PLC ADR	$7,542,000	+2.4%	127,722	-1.7%	1.32%	+0.7%
MTCN	Buy	ArcelorMittalpfd	$7,496,000	+29.8%	348,836	+13.3%	1.31%	+27.6%
DVN	Sell	Devon Energy Corp.	$7,437,000	+11.0%	128,755	-0.3%	1.30%	+9.2%
GD	Sell	General Dynamics Corp.	$6,755,000	+9.8%	77,182	-1.7%	1.18%	+8.1%
DEM	Sell	WisdomTree Emerging Markets	$6,720,000	-46.7%	130,015	-50.2%	1.17%	-47.6%
RCI	Buy	Rogers Communications Inc.	$6,116,000	+104.1%	142,195	+86.0%	1.07%	+100.9%
ETP	Buy	Energy Transfer Partners	$6,030,000	+4.6%	115,803	+1.5%	1.05%	+2.9%
GM	Buy	General Motors Co.	$5,767,000	+186.6%	160,315	+165.4%	1.01%	+181.8%
PBA	Sell	Pembina Pipeline Corp.	$5,580,000	+7.0%	168,417	-1.1%	0.97%	+5.3%
EEQ	Buy	Enbridge Energy Mgmt	$5,361,000	+0.8%	186,261	+6.1%	0.94%	-0.7%
ELD	Sell	Wisdom Tree Emerging Markets Local Debt	$5,311,000	-3.3%	112,813	-1.3%	0.93%	-4.9%
CG	Buy	Carlyle Group LP	$4,981,000	+37.3%	193,650	+36.8%	0.87%	+35.1%
CMP	Sell	Compass Minerals International	$4,792,000	-11.1%	62,829	-1.5%	0.84%	-12.6%
NEE	Buy	Nextera Energy Corp	$4,720,000	+135.5%	58,876	+139.4%	0.82%	+131.8%
WFCPRL	Sell	Wells Fargo & Co. Pfd Apfd	$4,714,000	-6.1%	4,144	-1.5%	0.82%	-7.6%
NE	Sell	Noble Corp.	$4,515,000	-0.2%	119,527	-0.7%	0.79%	-1.9%
FCHPRA	Buy	Felcor Lodging Trust Inc. Pfd. Apfd	$4,491,000	-0.2%	185,829	+1.6%	0.78%	-1.9%
ESRX	Buy	Express Scripts Holding Company	$4,237,000	+107.0%	68,559	+106.8%	0.74%	+103.6%
4945SC	Buy	Kinder Morgan Energy Ptrs.	$4,121,000	-6.0%	51,624	+0.6%	0.72%	-7.5%
ORAN	New	Orange ADR	$3,957,000	–	316,331	–	0.69%	–
APU	Buy	Amerigas Partners LP	$3,772,000	+46.4%	87,580	+68.1%	0.66%	+44.0%
BACPRL	Sell	Bank of America Corp. Preferred Lpfd	$3,694,000	-2.8%	3,416	-0.4%	0.64%	-4.5%
D	Sell	Dominion Resources Inc.	$3,562,000	+9.3%	57,003	-0.6%	0.62%	+7.4%
WYPRA	New	Weyerhaeuser Co. 6.375% Man. Conv. Pfd Apfd	$3,298,000	–	62,240	–	0.58%	–
WR	Sell	Westar Energy Inc.	$3,289,000	-5.3%	107,311	-1.2%	0.57%	-6.7%
COF	New	Capital One Financial	$3,116,000	–	45,336	–	0.54%	–
HIO	New	Western Asset High Income	$3,072,000	–	514,625	–	0.54%	–
UTXPRA	Sell	United Technologies Corp. Preferred Apfd	$3,043,000	+8.0%	46,970	-1.0%	0.53%	+6.4%
DXJ	Buy	Wisdom Tree Japan Hedged Equity Index	$2,628,000	+58.7%	54,830	+51.0%	0.46%	+55.8%
DUK	Sell	Duke Energy Corp.	$2,557,000	-1.4%	38,286	-0.4%	0.45%	-3.0%
HCP	New	Health Care Property Investors	$2,204,000	–	53,820	–	0.38%	–
ATO	Sell	Atmos Energy Corp.	$2,115,000	+1.5%	49,669	-2.1%	0.37%	0.0%
3606SC	Buy	Commonwealth Reit Preferred Epfd	$2,062,000	-5.7%	89,907	+3.2%	0.36%	-7.2%
ERF	Sell	Enerplus Corporation	$1,921,000	+11.4%	115,790	-0.7%	0.34%	+9.5%
AESPRC	Sell	AES Trust IIIpfd	$1,757,000	-1.6%	34,863	-1.4%	0.31%	-3.2%
CWHPRD	Sell	CommonWealth Reit Pref Dpfd	$1,695,000	-12.3%	80,997	-3.4%	0.30%	-13.7%
XEL	Sell	Xcel Energy Inc.	$1,691,000	-3.2%	61,243	-0.6%	0.30%	-4.8%
HCN	Sell	Health Care REIT Inc.	$1,569,000	-7.4%	25,150	-0.5%	0.27%	-8.7%
AEP	Buy	Amer Electric Power Co.	$1,567,000	-0.1%	36,139	+3.1%	0.27%	-1.8%
MEOH	Sell	Methanex Corp.	$1,421,000	+19.0%	27,725	-0.5%	0.25%	+17.0%
NS	Sell	Nustar Energy LP	$1,399,000	-14.4%	34,886	-2.6%	0.24%	-15.9%
EEP	Buy	Enbridge Energy Ptrs. LP	$1,391,000	+1.8%	45,668	+1.8%	0.24%	+0.4%
ET	Sell	Energy Transfer Equity L.P.	$1,376,000	+7.8%	20,925	-1.9%	0.24%	+6.2%
BPL	Sell	Buckeye Partners LP	$1,367,000	-10.9%	20,865	-4.6%	0.24%	-12.5%
JNK	Sell	SPDR Barclays Capital High Yield Bond	$1,300,000	-1.8%	32,630	-2.7%	0.23%	-3.4%
BMR	Sell	BioMed Realty Trust Inc.	$1,219,000	-9.0%	65,585	-0.9%	0.21%	-10.1%
CVX	Sell	Chevron Corp New	$997,000	+2.7%	8,203	-0.0%	0.17%	+1.2%
JFR	Sell	Nuveen Floating Rate Income Fund	$976,000	-6.6%	81,592	-1.6%	0.17%	-8.1%
CNQ	Sell	Canadian Natural Resources Ltd.	$897,000	-17.9%	28,540	-26.2%	0.16%	-19.6%
GAS	Sell	AGL Resources	$829,000	+0.6%	18,000	-6.3%	0.14%	-0.7%
BBN	Sell	Black Rock Build America Bond Trust	$817,000	-70.2%	43,460	-68.0%	0.14%	-70.8%
BCE	Sell	BCE Inc.	$798,000	+3.6%	18,677	-0.5%	0.14%	+2.2%
DHR	Sell	Danaher Corp. Del	$743,000	-7.0%	10,716	-15.1%	0.13%	-8.5%
PWE	Sell	Penn West Energy Trust	$633,000	+4.8%	56,846	-0.5%	0.11%	+2.8%
PEP	Sell	Pepsico Inc.	$623,000	-4.3%	7,835	-1.5%	0.11%	-5.2%
WFC	Sell	Wells Fargo & Co.	$599,000	-5.7%	14,485	-5.8%	0.10%	-8.0%
WPX	Sell	WPX Energy, Inc.	$587,000	-64.9%	30,490	-65.5%	0.10%	-65.5%
TCP	Sell	TC Pipelines LP	$558,000	-3.5%	11,452	-4.4%	0.10%	-4.9%
WMT	Buy	Wal-Mart Stores Inc.	$486,000	+0.4%	6,566	+1.0%	0.08%	-1.2%
COP	Sell	ConocoPhillips	$410,000	-17.5%	5,899	-28.2%	0.07%	-19.3%
IBM	Sell	International Business Machines Corp.	$333,000	-5.1%	1,799	-2.1%	0.06%	-6.5%
LINEQ	Buy	Linn Energy, LLC	$277,000	-16.6%	10,700	+7.0%	0.05%	-18.6%
SLB	Sell	Schlumberger Ltd.	$270,000	+9.3%	3,052	-11.3%	0.05%	+6.8%
BDX	Sell	Becton Dickinson Co	$244,000	-37.4%	2,441	-38.2%	0.04%	-37.7%
RDSB	Sell	Royal Dutch Shell B	$233,000	-19.9%	3,391	-22.8%	0.04%	-21.2%
ORLY	New	O'Reilly Automotive, Inc.	$211,000	–	1,650	–	0.04%	–
OXY	Exit	Occidental Pete Corp.	$0	–	-2,350	–	-0.04%	–
PSX	Exit	Phillips 66	$0	–	-3,930	–	-0.04%	–
VCBI	Exit	Virginia Commerce Banccorp Inc.	$0	–	-18,000	–	-0.04%	–
NBD	Exit	Nuveen Build America Bond Opportunity Fund	$0	–	-17,517	–	-0.06%	–
DLRPRFCL	Exit	Digital Realty Trust, Inc. Pfd Ser Fpfd	$0	–	-19,970	–	-0.09%	–
	Exit	HSBC USA Inc. Series G Dep Sharespfd	$0	–	-34,174	–	-0.15%	–
HUSIPRDCL	Exit	HSBC USA, Inc. Preferred Dpfd	$0	–	-67,139	–	-0.30%	–
APAPRD	Exit	Apache Corporation Convertiblepfd	$0	–	-42,895	–	-0.36%	–
	Exit	NextEra Energy Convertible	$0	–	-47,356	–	-0.51%	–
WW	Exit	Weight Watchers Int'l.	$0	–	-66,526	–	-0.54%	–
MSPRA	Exit	Morgan Stanley Prd A	$0	–	-144,828	–	-0.55%	–
FTE	Exit	France Telecom ADS	$0	–	-328,891	–	-0.55%	–
STLD	Exit	Steel Dynamics, Inc.	$0	–	-281,561	–	-0.74%	–
VZ	Exit	Verizon Communications	$0	–	-99,799	–	-0.89%	–

Q2 2013

			Value		Shares		↓ Weighting
BRKB	New	Berkshire Hathaway Inc. - B	$21,667,000	–	193,590	–	3.84%	–
NVS	New	Novartis AG ADR	$18,031,000	–	254,993	–	3.20%	–
LOW	New	Lowe's Companies Inc.	$17,722,000	–	433,312	–	3.14%	–
JNJ	New	Johnson & Johnson	$15,786,000	–	183,854	–	2.80%	–
XOM	New	ExxonMobil Corp.	$15,580,000	–	172,437	–	2.76%	–
MSFT	New	Microsoft Corp.	$15,348,000	–	444,285	–	2.72%	–
ADP	New	Automatic Data Process.	$14,744,000	–	214,119	–	2.61%	–
GE	New	General Electric Co.	$14,295,000	–	616,408	–	2.53%	–
JCI	New	Johnson Controls Inc.	$13,435,000	–	375,378	–	2.38%	–
V107SC	New	Wellpoint Inc.	$13,354,000	–	163,177	–	2.37%	–
DEM	New	WisdomTree Emerging Markets	$12,614,000	–	261,000	–	2.24%	–
MMM	New	3M Co.	$12,386,000	–	113,265	–	2.20%	–
PFE	New	Pfizer Inc.	$12,287,000	–	438,666	–	2.18%	–
KMR	New	Kinder Morgan Mgmt.	$11,708,000	–	140,065	–	2.08%	–
AFL	New	Aflac Inc.	$11,671,000	–	200,814	–	2.07%	–
CSCO	New	Cisco Systems Inc.	$11,034,000	–	453,404	–	1.96%	–
INTC	New	Intel Corp.	$10,868,000	–	448,538	–	1.93%	–
GOOGL	New	Google Inc. Cl A	$10,821,000	–	12,291	–	1.92%	–
PNC	New	PNC Financial Services Group	$10,730,000	–	147,142	–	1.90%	–
UPS	New	United Parcel Service - B	$9,894,000	–	114,404	–	1.75%	–
AAPL	New	Apple Computer Inc.	$9,752,000	–	24,594	–	1.73%	–
AIG	New	American Intl. Group Inc.	$9,048,000	–	202,425	–	1.60%	–
KSS	New	Kohls	$8,693,000	–	172,106	–	1.54%	–
TUP	New	Tupperware Corp.	$8,692,000	–	111,881	–	1.54%	–
SE	New	Spectra Energy	$8,564,000	–	248,533	–	1.52%	–
TMO	New	Thermo Fisher Scientific Inc.	$8,456,000	–	99,923	–	1.50%	–
AXP	New	American Express Co.	$8,410,000	–	112,487	–	1.49%	–
EES	New	Wisdom Tree Small Cap	$8,380,000	–	125,426	–	1.48%	–
ARCC	New	Ares Capital Corporation	$8,238,000	–	478,973	–	1.46%	–
WU	New	Western Union Co.	$7,527,000	–	439,910	–	1.33%	–
NGG	New	National Grid PLC ADR	$7,366,000	–	129,986	–	1.31%	–
VOD	New	Vodaphone Group ADR	$7,200,000	–	250,483	–	1.28%	–
NOV	New	National Oilwell Varco, Inc.	$7,151,000	–	103,783	–	1.27%	–
DVN	New	Devon Energy Corp.	$6,699,000	–	129,124	–	1.19%	–
GD	New	General Dynamics Corp.	$6,150,000	–	78,513	–	1.09%	–
MTCN	New	ArcelorMittal	$5,777,000	–	307,770	–	1.02%	–
ETP	New	Energy Transfer Partners	$5,766,000	–	114,095	–	1.02%	–
ELD	New	Wisdom Tree Emerging Markets Local Debt	$5,493,000	–	114,351	–	0.97%	–
CMP	New	Compass Minerals International	$5,393,000	–	63,805	–	0.96%	–
EEQ	New	Enbridge Energy Mgmt	$5,316,000	–	175,547	–	0.94%	–
PBA	New	Pembina Pipeline Corp.	$5,214,000	–	170,281	–	0.92%	–
VZ	New	Verizon Communications	$5,024,000	–	99,799	–	0.89%	–
WFCPRL	New	Wells Fargo & Co. Pfd Apfd	$5,022,000	–	4,206	–	0.89%	–
NE	New	Noble Corp.	$4,524,000	–	120,396	–	0.80%	–
FCHPRA	New	Felcor Lodging Trust Inc. Pfd. Apfd	$4,500,000	–	182,920	–	0.80%	–
4945SC	New	Kinder Morgan Energy Ptrs.	$4,383,000	–	51,323	–	0.78%	–
STLD	New	Steel Dynamics, Inc.	$4,198,000	–	281,561	–	0.74%	–
EPD	New	Enterprise Products Pptns Lp	$4,056,000	–	65,267	–	0.72%	–
BACPRL	New	Bank of America Corp. Preferred Lpfd	$3,802,000	–	3,428	–	0.67%	–
CG	New	Carlyle Group LP	$3,628,000	–	141,570	–	0.64%	–
WR	New	Westar Energy Inc.	$3,472,000	–	108,635	–	0.62%	–
D	New	Dominion Resources Inc.	$3,258,000	–	57,337	–	0.58%	–
FTE	New	France Telecom ADS	$3,108,000	–	328,891	–	0.55%	–
MSPRA	New	Morgan Stanley Prd A	$3,107,000	–	144,828	–	0.55%	–
WW	New	Weight Watchers Int'l.	$3,060,000	–	66,526	–	0.54%	–
RCI	New	Rogers Communications Inc.	$2,996,000	–	76,440	–	0.53%	–
	New	NextEra Energy Convertible	$2,877,000	–	47,356	–	0.51%	–
UTXPRA	New	United Technologies Corp. Preferred Apfd	$2,817,000	–	47,455	–	0.50%	–
BBN	New	Black Rock Build America Bond Trust	$2,743,000	–	135,788	–	0.49%	–
DUK	New	Duke Energy Corp.	$2,594,000	–	38,427	–	0.46%	–
APU	New	Amerigas Partners LP	$2,576,000	–	52,110	–	0.46%	–
3606SC	New	Commonwealth Reit Preferred Ppfd	$2,187,000	–	87,146	–	0.39%	–
ATO	New	Atmos Energy Corp.	$2,083,000	–	50,742	–	0.37%	–
APAPRD	New	Apache Corporation Convertiblepfd	$2,048,000	–	42,895	–	0.36%	–
ESRX	New	Express Scripts Holding Company	$2,047,000	–	33,149	–	0.36%	–
GM	New	General Motors Co.	$2,012,000	–	60,415	–	0.36%	–
NEE	New	Nextera Energy Corp	$2,004,000	–	24,595	–	0.36%	–
CWHPRD	New	CommonWealth Reit Pref Dpfd	$1,933,000	–	83,847	–	0.34%	–
ZINCQ	New	Horsehead Holding Corp.	$1,914,000	–	149,450	–	0.34%	–
AESPRC	New	AES Trust IIIpfd	$1,785,000	–	35,349	–	0.32%	–
XEL	New	Xcel Energy Inc.	$1,747,000	–	61,630	–	0.31%	–
ERF	New	Enerplus Corporation	$1,724,000	–	116,590	–	0.31%	–
HCN	New	Health Care REIT Inc.	$1,695,000	–	25,280	–	0.30%	–
HUSIPRDCL	New	HSBC USA, Inc. Preferred Dpfd	$1,685,000	–	67,139	–	0.30%	–
WPX	New	WPX Energy, Inc.	$1,672,000	–	88,256	–	0.30%	–
DXJ	New	Wisdom Tree Japan Hedged Equity Index	$1,656,000	–	36,305	–	0.29%	–
NS	New	Nustar Energy LP	$1,635,000	–	35,826	–	0.29%	–
AEP	New	Amer Electric Power Co.	$1,569,000	–	35,039	–	0.28%	–
BPL	New	Buckeye Partners LP	$1,534,000	–	21,865	–	0.27%	–
EEP	New	Enbridge Energy Ptrs. LP	$1,367,000	–	44,842	–	0.24%	–
FCHPRC	New	Felcor Lodging Trust Inc. Pfd. Cpfd	$1,352,000	–	54,327	–	0.24%	–
BMR	New	BioMed Realty Trust Inc.	$1,339,000	–	66,185	–	0.24%	–
JNK	New	SPDR Barclays Capital High Yield Bond	$1,324,000	–	33,535	–	0.24%	–
ET	New	Energy Transfer Equity L.P.	$1,276,000	–	21,325	–	0.23%	–
MEOH	New	Methanex Corp.	$1,194,000	–	27,875	–	0.21%	–
NU	New	Northeast Utilities	$1,134,000	–	26,997	–	0.20%	–
CNQ	New	Canadian Natural Resources Ltd.	$1,093,000	–	38,682	–	0.19%	–
JFR	New	Nuveen Floating Rate Income Fund	$1,045,000	–	82,942	–	0.18%	–
CVX	New	Chevrontexaco Corp.	$971,000	–	8,207	–	0.17%	–
PPL	New	PPL Corp.	$879,000	–	29,052	–	0.16%	–
GAS	New	AGL Resources	$824,000	–	19,220	–	0.15%	–
	New	HSBC USA Inc. Series G Dep Sharespfd	$821,000	–	34,174	–	0.15%	–
DHR	New	Danaher Corp. Del	$799,000	–	12,618	–	0.14%	–
CNP	New	CenterPoint Energy	$789,000	–	33,589	–	0.14%	–
BCE	New	BCE Inc.	$770,000	–	18,777	–	0.14%	–
PEP	New	Pepsico Inc.	$651,000	–	7,957	–	0.12%	–
WFC	New	Wells Fargo & Co.	$635,000	–	15,381	–	0.11%	–
PWE	New	Penn West Energy Trust	$604,000	–	57,131	–	0.11%	–
TCP	New	TC Pipelines LP	$578,000	–	11,976	–	0.10%	–
CRT	New	Cross Timbers Royalty Trust	$577,000	–	21,290	–	0.10%	–
T	New	AT&T Inc.	$517,000	–	14,616	–	0.09%	–
CI	New	Cigna Corp.	$505,000	–	6,967	–	0.09%	–
PAA	New	Plains All American Pipeline Lp	$505,000	–	9,050	–	0.09%	–
OKE	New	Oneok Inc.	$500,000	–	12,103	–	0.09%	–
DLRPRFCL	New	Digital Realty Trust, Inc. Pfd Ser Fpfd	$498,000	–	19,970	–	0.09%	–
COP	New	ConocoPhillips	$497,000	–	8,211	–	0.09%	–
GILD	New	Gilead Sciences Inc.	$497,000	–	9,700	–	0.09%	–
WMT	New	Wal-Mart Stores Inc.	$484,000	–	6,500	–	0.09%	–
BK	New	Bank of New York	$459,000	–	16,358	–	0.08%	–
MMP	New	Magellan Midstream Partners LP COM	$452,000	–	8,300	–	0.08%	–
MKL	New	Markel Corp.	$419,000	–	795	–	0.07%	–
EEM	New	Ishares Emerging Markets Fund	$399,000	–	10,367	–	0.07%	–
BDX	New	Becton Dickinson Co	$390,000	–	3,951	–	0.07%	–
POM	New	Potomac Electric Pwr Co.	$356,000	–	17,634	–	0.06%	–
IBM	New	International Business Machines Corp.	$351,000	–	1,838	–	0.06%	–
NBD	New	Nuveen Build America Bond Opportunity Fund	$350,000	–	17,517	–	0.06%	–
BRKA	New	Berkshire Hathaway Inc. - A	$337,000	–	2	–	0.06%	–
LINEQ	New	Linn Energy, LLC	$332,000	–	10,000	–	0.06%	–
IGSB	New	iShares Barclay 1-3 Year Credit Bond	$296,000	–	2,820	–	0.05%	–
BWP	New	Boardwalk Pipeline Partners, LP	$294,000	–	9,750	–	0.05%	–
RDSB	New	Royal Dutch Shell B	$291,000	–	4,391	–	0.05%	–
PM	New	Philip Morris International	$287,000	–	3,314	–	0.05%	–
KO	New	Coca Cola Company	$281,000	–	7,000	–	0.05%	–
MIC	New	Macquarie Infrastructure Company	$267,000	–	5,000	–	0.05%	–
WAG	New	Walgreen Company	$265,000	–	6,000	–	0.05%	–
SLB	New	Schlumberger Ltd.	$247,000	–	3,442	–	0.04%	–
VCBI	New	Virginia Commerce Banccorp Inc.	$251,000	–	18,000	–	0.04%	–
BIIB	New	Biogen Idec Inc.	$231,000	–	1,075	–	0.04%	–
HYG	New	iShares TR iBoxx High Yield Corp Bd	$229,000	–	2,516	–	0.04%	–
PSX	New	Phillips 66	$232,000	–	3,930	–	0.04%	–
CSX	New	CSX Corp.	$215,000	–	9,279	–	0.04%	–
OXY	New	Occidental Pete Corp.	$210,000	–	2,350	–	0.04%	–
NSC	New	Norfolk Southern Corp.	$203,000	–	2,794	–	0.04%	–
SNHY	New	Sun Hydraulics Corp.	$201,000	–	6,425	–	0.04%	–
VWO	New	Vanguard Emerging Markets Stock ETF	$200,000	–	5,167	–	0.04%	–
FCO	New	Aberdeen Global Income Fund Inc.	$115,000	–	10,450	–	0.02%	–

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